NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities that acquired Health Insurance Innovations, Inc. (HIIQ) securities during the period from August 2, 2017 through September 11, 2017 (the “Class Period”). The suit asserts claims for violation of the federal securities laws against Health Insurance Innovations, Inc. (the “Company”) and several of its senior officers. Pursuant to applicable law, investors have until November 10, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that during the Class Period, defendants failed to disclose that the Company had been denied a key insurance license in Florida due in part to material errors and omissions in the Company’s application. Following a September 11, 2017 public report of this licensing rejection, the Company’s share price fell from $29.90 to $23.35, a decline of $6.55 per share.
If you acquired Health Insurance Innovations, Inc. securities during the Class Period, have information about this matter, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Sarah Lynch by email at email@example.com, or telephone at (212) 371-6600, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. Kirby McInerney’s efforts on behalf of shareholders have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.