MediaAlpha, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Their Rights
Shareholder rights law firm Johnson Fistel, PLLP is investigating claims on behalf of MediaAlpha, Inc. (NYSE: MAX) concerning whether the officers and directors breached their fiduciary duties to the Company and its shareholders.
What if I own MediaAlpha stock?
Current, long-term MediaAlpha shareholders may have legal rights and are encouraged to contact Johnson Fistel to discuss the investigation and their options.
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.
There is no cost or obligation to you.
Background of the Investigation
In November 2024, MediaAlpha disclosed that it had received notice from staff of the Federal Trade Commission that FTC staff was prepared to recommend filing a complaint against the Company alleging violations of Section 5(a) of the FTC Act, the Telemarketing Sales Rule, and the Government and Business Impersonation Rule. MediaAlpha further disclosed that FTC staff alleged, among other things, that the Company represented itself as affiliated with government entities, made misleading claims regarding health insurance products and the Company’s use of consumers’ personal information, and utilized deceptive advertising in connection with its lead-generation and telemarketing activities.
MediaAlpha later reached a settlement with the FTC. Under the terms of the settlement, MediaAlpha agreed to pay $45 million and agreed to implement additional compliance procedures and other restrictions concerning its advertising, marketing, and lead-generation practices.
The investigation concerns whether MediaAlpha or certain of its executive officers misled investors or failed to disclose material information concerning the Company’s advertising and marketing practices, the FTC investigation, related compliance issues, and the potential impact of those matters on the Company’s business and financial condition.
In light of these events, Johnson Fistel is investigating whether MediaAlpha complied with state and federal laws. If you suffered losses from your investment in MediaAlpha stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in securities class actions and shareholder derivative litigation. Johnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. In 2024, the firm recovered approximately $90,725,000 for investors.
Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations
– or –
Frank J. Johnson, Esq.
(619) 814-4471
jimb@johnsonfistel.com | fjohnson@johnsonfistel.com