KSF News, Updates, & Insights

KSF Appointed Lead Counsel In Health Insurance Innovations Securities Litigation

On February 6, 2018, Hon. Elizabeth A. Kovachevich, the United States District Judge for the Middle District of Florida, ordered KSF’s appointment as lead counsel for the class in Kavra v. Health Insurance Innovations, Inc. et al., Case No. 8:17-cv-02186-EAK-MAP (M.D. Fla). Gunster, Yoakley & Stewat, P.A. was approved as Liaison Counsel. Lead Plaintiff alleges that, throughout the Class Period (March 4, 2016 through September 11, 2017, inclusive), Defendants made misleading statements and failed to disclose material information regarding the status-and importance- of their license to operate as a third-party administrator in their home state of Florida. The matter further alleges that when the truth was finally brought to light by a stock news website on September 11, 2017, HIIQ’s stock price fell from $29.90 to $23.35 for a decline of 22%.