(HIIQ) Alert: Johnson Fistel Investigates Health Insurance Innovations, Inc.; Encourages Investors to Contact the Firm
SAN DIEGO- PRNewswire —September 11, 2017
Shareholder Rights Law Firm Johnson Fistel, LLP (formerly Johnson & Weaver, LLP) is investigating potential violations of the federal securities laws by Health Insurance Innovations, Inc. (NASDAQ: HIIQ) (“Health Insurance Innovations”) and certain of its officers. Health Insurance Innovations, Inc. operates as a developer, distributor, and administrator of cloud-based individual health and family insurance plans, and supplemental products in the United States.
On September 11, 2017, SeekingAlpha issued an article asserting that in June 2017, Health Insurance Innovations had been rejected for a key insurance license in its home state of Florida, as the regulator uncovered undisclosed legal actions against Company insiders. Health Insurance Innovations privately warned the Florida regulator of the disastrous “domino effect” from this rejection by which licensing denials will occur in other states in which it does business. Following this news, shares of Health Insurance Innovations closed down 21.91% on September 11, 2017.
Additionally, the SeekingAlpha report states that “the slew of massive legal and regulatory problems facing HIIQ is set to unravel in the very near term. There are multiple near-term catalysts. The most visible catalyst is coming in just a few weeks in October 2017”. As mentioned in the article, “the Florida regulator is set to publish its final determination in October 2017 (a few weeks from now)”.
If you have information that could assist in this investigation, including past employees, or if you are a Health Insurance Innovations shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.