New York, New York--(Newsfile Corp. - May 28, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of eHealth, Inc. (NASDAQ: EHTH) alleging that the Company violated federal securities laws.
Class Period: March 19, 2018 and April 7, 2020
Lead Plaintiff Deadline: June 8, 2020
Learn more about your recoverable losses in DNK:
The complaint alleges that eHealth, Inc. issued materially false and/or misleading information and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.
Shareholders have until June 8, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the EHTH lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56825