An investigation on behalf of current long term investors in Health Insurance Innovations, Inc. (NASDAQ: HIIQ) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: HIIQ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/22/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Health Insurance Innovations, Inc..
Investors who are current long term investors in Health Insurance Innovations, Inc. (NASDAQ: HIIQ) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: HIIQ stocks follows a lawsuit filed against Health Insurance Innovations over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: HIIQ stocks, concerns whether certain Health Insurance Innovations directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Middle District of Florida the plaintiff alleges that the Defendants failed to disclose to investors that a substantial portion of the Company's revenues were derived from third parties, that these third parties used deceptive tactics to sell the Company's policies, including overstating the policy's coverage and/or selling under the licenses of employees who had no involvement in the underlying sales, that regulatory scrutiny of these third parties would materially impact the Company's operations, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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