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 firstname.lastname@example.org 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.
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