SelectQuote, Inc.

Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: SelectQuote, Inc. |
Ticker: | Ticker: SLQT |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against SelectQuote, Inc. (“SelectQuote” or the “Company”) (NYSE:SLQT). The investigation concerns whether SelectQuote and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On May 1, 2025, the U.S. Department of Justice filed a False Claims Act complaint against SelectQuote, alleging that “from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans.” On this news, the price of SelectQuote shares declined by $0.61 per share, or approximately 16%, from $3.17 per share on April 30, 2025, to close at $2.56 on May 1, 2025.
On May 1, 2025, the U.S. Department of Justice filed a False Claims Act complaint against SelectQuote, alleging that “from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans.” On this news, the price of SelectQuote shares declined by $0.61 per share, or approximately 16%, from $3.17 per share on April 30, 2025, to close at $2.56 on May 1, 2025.