SAN DIEGO, CA / ACCESSWIRE / November 3, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in GoHealth, Inc. (NASDAQ:GOCO) shares.
Investors who have losses in excess of $100,000 from their investment in shares of GoHealth, Inc. (NASDAQ: GOCO) have certain options and there are short and strict deadlines running. Deadline: November 20, 2020. Those NASDAQ: GOCO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the Registration Statement that was filed in connection with GoHealth's July 2020 initial public offering (the "IPO") failed to disclose that at the time of the IPO, the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020, GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base, GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company's concentrated carrier business model, and GoHealth's efforts to expand into new geographies, develop new carrier partnerships and worsening product mix, GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents, and these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.
Those who purchased GoHealth, Inc. (NASDAQ: GOCO) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
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