SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action against eHealth, Inc. and Certain Officers -- EHTH

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NEW YORK, Jan. 28, 2015 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against eHealth, Inc. ("eHealth" or the "Company")EHTH and certain of its officers.   The class action, filed in United States District Court, Northern District of California, is on behalf of a class consisting of all persons or entities who purchased eHealth securities between October 31, 2014 and January 14, 2015, inclusive (the "Class Period").  This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

If you are a shareholder who purchased eHealth securities during the Class Period, you have until March 27, 2015 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

eHealth provides online health insurance services for individuals, families, and small businesses in the United States. The company's ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans. It offers various medical health insurance coverage plans, including preferred provider organization, health maintenance organization and indemnity plans, Medicare plans, short-term medical insurance, student health insurance, and health savings account eligible health insurance plans, as well as ancillary plans comprising dental and vision insurance. 

The Complaint alleges that during the Class Period, Defendants issued materially false and misleading statements about the Company's true financial condition and prospects. On January 14, 2015, eHealth lowered its fiscal year 2014 revenue guidance to a range of $178 to $180 million from its prior revenue guidance in the range of $185 million to $194 million. The Company attributed the revision in part to lower than expected applications for its Individual & Family Plan.

On this news, shares of eHealth fell $11.38 per share, or approximately 55.71%, to close at $9.42 per share on January 14, 2015. 

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com
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Posted In: Press Releases
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