HEALTH INSURANCE INNOVATIONS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Health Insurance Innovations,…
NEW ORLEANS, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 10, 2017 to file lead plaintiff applications in a securities class action lawsuit against Health Insurance Innovations, Inc. (NasdaqGM:HIIQ), if they purchased the Company’s securities between August 2, 2017 and September 11, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased securities of Health Insurance Innovations (“HII”) 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 (lewis.kahn@ksfcounsel.com), or visit http://ksfcounsel.com/cases/nasdaqgm-hiiq/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 10, 2017.
About the Lawsuit
HII and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On September 11, 2017, a report released by SeekingAlpha revealed that the Company’s application for a key insurance license in its home state of Florida had been denied months earlier due in part to material errors and omissions and that in the process of appealing that rejection, the Company predicted a disastrous “domino effect” that the rejection would have in other states where it conducts business.
On this news, the price of HII’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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