Lead Plaintiff Deadline: 06/08/2020
SUMMARY OF CASE:
A securities class action has been filed against eHealth, Inc. (EHTH) on behalf of investors who purchased eHealth securities between March 19, 2018 through April 7, 2020. This case has been filed in the USDC – N.D.CA.
The Complaint alleges that eHealth failed to adequately disclose its aggressive accounting and modeling assumptions and omitted material information about its increasing rate of member churn resulting from eHealth’s pursuit of low quality, lossmaking growth. The price of eHealth securities fell following the announcement.