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NASDAQ: EHTH Investor Notice: Update in Lawsuit against eHealth, Inc. announced by Shareholders Foundation

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Shareholders Foundation, Inc.
·2 min read
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SAN DIEGO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in eHealth, Inc. (NASDAQ: EHTH) shares.

Investors, who purchased shares of eHealth, Inc. (NASDAQ: EHTH) in March 2018 or earlier and continue to hold any of those eHealth, Inc. (NASDAQ: EHTH shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On April 9, 2020, a lawsuit was filed against eHealth, Inc. (NASDAQ: EHTH over alleged Securities Laws Violations. The plaintiff alleged that the defendants misrepresented and/or failed to disclose to investors that it had highly aggressive accounting and modeling assumptions, that it suffered from skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth, that it relied on direct response television advertising, which attracts an unprofitable, high churn enrollee, and that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

On August 25, 2020, an amended complaint was filed and on October 23, 2020, the defendants filed their motion to dismiss the case.

Those who purchased eHealth, Inc. (NASDAQ: EHTH) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.