SelectQuote Securities Suit Hits Key Oct. 10 Lead-Plaintiff Deadline

Overview

• Investors who purchased SelectQuote securities between September 9, 2020 and May 1, 2025 fall within the putative class period identified in the complaint.
• The U.S. Department of Justice filed a False Claims Act complaint on May 1 alleging SelectQuote took tens of millions in illegal kickbacks and steered Medicare beneficiaries to higher-commission plans.
• Prosecutors also allege a conspiracy to discriminate against less-profitable enrollees, including people with disabilities, and that the company misrepresented offering unbiased plan comparisons.
• SelectQuote shares fell about 19.2% on May 1, 2025 after the DOJ filing became public, according to the notices to investors.
• Multiple investor-rights firms, including Faruqi & Faruqi, Rosen Law Firm, and Bernstein Liebhard, say a lead-plaintiff motion is due October 10, 2025 in the SDNY case, with no class yet certified.