SHAREHOLDER ALERT: Schubert Firm Investigating Possible Breaches of Fiduciary Duty by Benefytt Technologies, Inc. Officers and Directors
Benefytt Technologies, Inc. - Class A (BFYT)
Company Research
Source: PR Newswire
SAN FRANCISCO, April 1, 2020 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential shareholder derivative claims on behalf of stockholders of Benefytt Technologies, Inc. (NASDAQ: BFYT) ("Benefytt"), formerly known as Health Insurance Innovations, Inc. (NASDAQ: HIIQ), related to the company's statements concerning regulatory compliance matters and its relationship with certain third parties. Benefytt sells and distributes a variety of health and life insurance products.Benefytt's allegedly false and misleading public statements have exposed the company to multiple securities fraud lawsuits. In one case, it is alleged that Benefytt deceived investors between November 2016 and September 2017 about widespread regulatory compliance failures and accusations of fraud made against Benefytt by state enforcement agencies, including in Montana. According to the complaint, during this period, Benefytt misled investors about the reasons and nature of its unsuccessful applicatio
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