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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 20, 2020 to file lead plaintiff applications in a securities class action lawsuit against GoHealth, Inc. (NasdaqGS: GOCO), if they purchased the Company’s Class A common stock issued in connection with its July 2020 initial public stock offering (the “IPO”).
GoHealth and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) since the first half of 2020, the Medicare insurance industry was undergoing a period of elevated churn; (ii) the Company was exposed to a higher risk of customer churn due to its unique business model and limited carrier base; (iii) the Company suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company’s concentrated carrier business model, and its efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; (iv) the Company had entered into materially less favorable revenue sharing arrangements with its external sales agents; and (v) these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.
If you purchased shares of GoHealth and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Hudson v. GoHealth, Inc., No. 20-cv-05593.
Click here to read the case complaint.