An investigation on behalf of current long-term investors in eHealth, Inc. (NASDAQ:EHTH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/19/2022 -- An investigation was announced for current long-term investors in shares of eHealth, Inc. (NASDAQ: EHTH) concerning potential breaches of fiduciary duties by certain directors of eHealth, Inc.
Investors who are current long term investors in eHealth, Inc. (NASDAQ: EHTH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current investors in NASDAQ: EHTH stocks follows a lawsuit filed against eHealth, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EHTH stocks, concerns whether certain eHealth, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges 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.
Those who purchased shares of eHealth, Inc. (NASDAQ: EHTH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.