NEW YORK, Aug. 26, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential claims against GoHealth, Inc. ("GoHealth" or the "Company") (NASDAQ: GOCO) for violations of federal securities laws.
On or about July 15, 2019, GoHealth sold about 43.5 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 a share raising nearly $914 million in new capital.
On August 19, 2020, GoHealth, in its first quarterly earnings report following the IPO, announced it incurred a 2Q net loss of $22.9 million after posting net income of $15.3 million in the prior-year period.
Shares of the Company's stock are presently trading at $14.26 per share, almost 50% below its recent IPO price.
All investors who purchased shares of GoHealth, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of GoHealth, Inc.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this possible action or have any questions regarding your rights and interests in this potential case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at classmember@whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP