San Diego, CA -- (SBWIRE) -- 10/06/2020 -- The Shareholders Foundation announced that an investor, who purchased shares of GoHealth, Inc. (NASDAQ: GOCO), filed a lawsuit over alleged violations of Federal Securities Laws by GoHealth, Inc. in connection with GoHealth's July 2020 initial public offering (the "IPO").

Investors who purchased a shares of GoHealth, Inc. (NASDAQ: GOCO) have certain options and for certain investors are short and strict deadlines running. Deadline: November 20, 2020. NASDAQ: GOCO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Chicago, IL based GoHealth, Inc. operates a health insurance marketplace to enhance access to healthcare in the United States.

On or about July 15, 2019, GoHealth, Inc. sold about 43.5 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 a share raising nearly $914 million in new capital. On August 21, 2020, shares of GoHealth, Inc. (NASDAQ: GOCO) closed at $15.97.

On August 19, 2020, GoHealth, Inc, in its first quarterly earnings report following the IPO, announced it incurred a 2Q net loss of $22.9 million after posting net income of $15.3 million in the prior-year period.

The plaintiff claims that the Registration Statement failed to disclose that at the time of the IPO: (i) the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020; (ii) GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base; (iii) GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company's concentrated carrier business model, and GoHealth's efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; (iv) GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and (v) these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.

Those who purchased shares of GoHealth, Inc. (NASDAQ: GOCO) 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 Shareholders Foundation, Inc.
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.