NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) resulting from allegations that Health Insurance may have issued materially misleading business information to the investing public.
On September 11, 2017, SeekingAlpha.com published an article asserting that: (1) in June 2017, Health Insurance was rejected for a key insurance license in its home state of Florida, as the regulator uncovered undisclosed legal actions against Health Insurance insiders; (2) Health Insurance privately warned the Florida regulator of the disastrous “domino effect” from this rejection by which licensing denials will then spread to the other states in which Health Insurance does business. On this news, shares of Health Insurance fell sharply during intraday trading on September 11, 2017, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Health Insurance investors. If you purchased shares of Health Insurance, please visit the firm’s website at http://www.rosenlegal.com/cases-1207.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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