EHEALTH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Renewed Lead Plaintiff Deadline in Class Action Lawsuit Against eHealth, Inc.

NEW ORLEANS, January 18, 2022 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Associates, former Attorney General of Louisiana, Charles C. Foti, Jr., reminding investors that they have up March 18, 2022 Lead plaintiff motions in a securities class action lawsuit against eHealth, Inc. (NasdaqGS: EHTH) if they have since purchased the company’s stock March 19, 2018 and July 23, 2020, inclusive (the “Class Period”). This action is pending in The United States District Court for the Northern District California.

What you can do

If you have purchased shares in eHealth as described above and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may, at no obligation or cost to you, contact the Managing Partner of KSF , Lewis Kahn, contact toll-free at 1-877-515-1850 or email ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-ehth/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court March 18, 2022.

About the lawsuit

eHealth and certain of its executives are accused of failing to disclose material information during the class action period in violation of federal securities laws.

on April 7, 2020, Muddy Waters Capital reported that the company’s “very aggressive accounting…masks a materially unprofitable business” due in part to member attrition and an overstated “lifetime value” or “LTV” of its plans, and that the company’s financial statements are forecast for 2019 have significantly overstated sales and operating profit. Shares in eHealth fell from a close of $130.57 per share April 6, 2020, to $116.90 per share the next day April 7, 2020, before rejecting it $103.20 on April 8, 2020.

Then further July 23, 2020, the company reported its second quarter 2020 financial results and announced that the company “experienced increased churn from Medicare Advantage plans compared to our historical observations” and forecast that the LTV of its Medicare Advantage policies would be “im fourth quarter decline of up to 10% for 2020 and in the mid-single digits for the full year,” as reflected in the revised full-year 2020 guidance. Shares in eHealth fell from a close of $114 per share July 23, 2020 to $79.17 per share July 24, 2020.

The case is In re eHealth Inc. Securities Litigation, No. 4:20-cv-02395.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation firms. KSF assists a variety of clients – including public institutional investors, hedge funds, wealth managers and retail investors – in seeking redress for investment losses resulting from corporate fraud or misconduct by public companies. KSF has offices in new York, California, Louisiana and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Khan, Executive Partner
[email protected]
1-877-515-1850
1100 Poydras St, Suite 3200
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC