Investor News: Investigation over possible Wrongdoing at Health Insurance Innovations Inc (NASDAQ:HIIQ)

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Health Insurance Innovations.

Investors who are current long term investors in Health Insurance Innovations Inc (NASDAQ:HIIQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm for current long term investors in NASDAQ:HIIQ stocks follows a lawsuit filed against Health Insurance Innovations Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:HIIQ stocks, concerns whether certain Health Insurance Innovations 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 Eastern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 2, 2017 and September 11, 2017, the defendants throughout made false and/or misleading statements and/or failed to disclose that Health Insurance Innovations’ application for a third-party insurance administrators license with the Florida Office of Insurance Regulation was denied due in part to material errors and omissions, that the Florida Office of Insurance Regulation’s rejection of Health Insurance Innovations’ application for a third-party insurance administrators license could result in its losing licenses in the other states, and that as a result, Health Insurance Innovations’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) 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