SAN DIEGO, Sept. 11, 2017 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP (formerly Johnson & Weaver,
LLP) is investigating potential violations of the federal
securities laws by Health Insurance Innovations, Inc. (NASDAQ:
HIIQ) ("Health Insurance Innovations") and certain of its
officers. Health Insurance Innovations, Inc. operates as a
developer, distributor, and administrator of cloud-based individual
health and family insurance plans, and supplemental products in
the United States.
On September 11, 2017,
SeekingAlpha issued an article asserting that in
June 2017, Health Insurance
Innovations had been rejected for a key insurance license in its
home state of Florida, as the
regulator uncovered undisclosed legal actions against Company
insiders. Health Insurance Innovations privately warned the
Florida regulator of the
disastrous "domino effect" from this rejection by which licensing
denials will occur in other states in which it does business.
Following this news, shares of Health Insurance Innovations closed
down 21.91% on September 11,
2017.
Additionally, the SeekingAlpha report states that "the
slew of massive legal and regulatory problems facing HIIQ is set to
unravel in the very near term. There are multiple near-term
catalysts. The most visible catalyst is coming in just a few weeks
in October 2017". As mentioned in the
article, "the Florida regulator is
set to publish its final determination in October 2017 (a few weeks from now)".
If you have information that could assist in this investigation,
including past employees, or if you are a Health Insurance
Innovations shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact
Jim Baker
jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP