Securities Class Action Filed Against eHealth, Inc.
Violations of federal securities laws as a result of a series of materially false statements. According to the Complaint, eHealth and certain of its officers and directors issued materially false and misleading statements about the Company’s true financial condition and prospects. On January 14, 2015, eHealth lowered its fiscal year 2014 revenue guidance to a range of $178 million to $180 million from its prior revenue guidance in the range of $185 million to $194 million. The Complaint states that eHealth attributed the revision, in part, to lower-than-expected applications for its Individual & Family Plan. On this news, shares of eHealth fell $11.38 per share, or by almost 55% from its previous closing price, to close at $9.42 per share on January 14, 2015, damaging investors. Filed in N.D. Cal.
Lead Plaintiff Deadline: The deadline to file for lead plaintiff in this action is 3/27/2015.
Join This Action: To apply to join this action and be represented by Shepherd, Finkelman, Miller & Shah, LLP, please click here for a certification form to submit your information.
Send Us Information: If you have information about this action that you would like to provide us, please click here.