Levi & Korsinsky announces it has commenced an investigation of Health
Insurance Innovations, Inc. (“Health Insurance” or the “Company”)
(NASDAQ:HIIQ) concerning possible violations of federal securities laws.
On September 11, 2017, an article was published on Seeking Alpha
alleging, among other allegations, that: (1) in June 2017, one of the
Company’s key license applications was rejected after regulators
uncovered undisclosed legal actions against Company insiders; and (2)
the Company privately warned a Florida regulator that a rejection of its
license application could create a “domino effect” whereby licensing
denials would spread to the other states. Following this news, shares of
Health Insurance fell more than 18% to close at $23.35 per share on
September 11, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected]
or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York,
California, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results
do not guarantee similar outcomes.
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