A Deadline is coming up on November 20, 2020 in the lawsuit for certain investors in GoHealth, Inc. (NASDAQ: GOCO).
San Diego, CA -- (SBWIRE) -- 11/17/2020 -- A deadline is coming up on November 20, 2020 in the lawsuit filed for certain investors of GoHealth, Inc. (NASDAQ: GOCO).
Investors who purchased shares of GoHealth, Inc. (NASDAQ: GOCO) have certain options and there are strict and short deadlines running. Deadline: November 20, 2020. NASDAQ: GOCO stockholders should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of GoHealth, Inc. (NASDAQ: GOCO) common shares, that the defendants violated Federal Securities Laws. More specifically, 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.
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