On or around 06/24/2020 (Date of last review)
Filing Date: April 08, 2020
According to the Complaint, eHealth is a health insurance marketplace with a technology and service platform that provides consumer engagement, education, and health insurance enrollment solutions.
The Complaint alleges that throughout the Class Period, Defendants misrepresented and/or failed to disclose to investors: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth’s pursuit of low quality, loss-making growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
On June 24, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: eHealth, Inc.
Industry: Insurance (Accident & Health)
Headquarters: United States
Ticker Symbol: EHTH
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Jigneshkumar Patel, et al. v. eHealth, Inc., et al.
COURT: N.D. California
DOCKET #: 20-CV-02395
JUDGE: Hon. Jon S. Tigar
DATE FILED: 04/08/2020
CLASS PERIOD START: 03/19/2018
CLASS PERIOD END: 04/07/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Block & Leviton LLP (Boston)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Related Case Order
Order Granting Motion of Billy White for: (1) Consolidation of Related Actions; (2) Appointment as Lead Plaintiff; and (3) Approval of Lead Counsel
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available