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 and NASDAQ:EHTH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/03/2015 -- An investigation on behalf of current long-term investors in shares of eHealth, Inc. (NASDAQ:EHTH concerning potential breaches of fiduciary duties by certain directors and officers of eHealth was announced.
Investors who are current long term investors in eHealth, Inc. (NASDAQ:EHTH shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ:EHTH stocks follows a lawsuit filed recently against eHealth, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors inNASDAQ:EHTH stocks, concerns whether certain eHealth officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California. the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 31, 2014 and January 14, 2015 the defendants issued materially false and misleading statements about the Company's true financial condition and prospects
On January 14, 2015, eHealth, Inc. announced its preliminary results for the fourth quarter and fiscal year 2014. eHealth, Inc. said that Revenue for the fiscal year 2014 is expected to be in the range of $178 million to $180 million, compared to the company's guidance of $185 million to $194 million.
The CFO of eHealth, Inc. said that fourth quarter revenues and earnings were impacted by a shortfall in eHealth, Inc's Individual & Family Plan sponsorship and advertising and other ancillary revenues driven by lower than expected Individual & Family Plan application volumes and by the timing of several million dollars of Medicare revenues which were pushed out into the first quarter of 2015. CFO of eHealth, Inc. also said that fourth quarter earnings were also impacted by the fact that eHealth, Inc spent considerably more than it planned on Medicare marketing costs due primarily to stronger than expected application growth in its Medicare business. On January 16, 2015, shares of eHealth, Inc. (NASDAQ:EHTH) dropped to as low as $8.88 per share.
On February 27 2014, NASDAQ:EHTH shares closed at $9.10 per share.
Those who purchased shares of eHealth, Inc. (NASDAQ:EHTH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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