Rosen Law Firm Encourages SelectQuote, Inc. Investors to Inquire About Securities Class Action Investigation
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SelectQuote, Inc. (NYSE: SLQT) resulting from allegations that SelectQuote may have issued materially misleading business information to the investing public.
So What: If you purchased SelectQuote securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=39510 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On May 1, 2025, the United States Department of Justice issued an announcement entitled 'The United States Files False Claims Act Complaint Against Three National Health Insurance Companies and Three Brokers Alleging Unlawful Kickbacks and Discrimination Against Disabled Americans.' The release stated, in pertinent part, that SelectQuote had been charged and that 'from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans.'
On this news, SelectQuote stock fell 19.2% on May 1, 2025.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Students Using Lexia Core5 Reading Outperformed Their Peers On the Smarter Balanced English Language Arts/Literacy Assessment
New Lexia Study Examines Performance of More Than 1 Million California Students to Ascertain the Impact of Literacy Program BOSTON, June 23, 2025--(BUSINESS WIRE)--In California, third- to fifth-grade students at 525 schools using Lexia Core5 Reading (Core5) from Lexia, a Cambium Learning Group brand, made significantly higher literacy gains compared to their peers in 4,362 schools that did not use the program. The schools were highlighted in a recently released report which compared the students' performance on the Smarter Balanced English Language Arts/Literacy (SBAC ELA) assessment. Core5 accelerates the foundational and advanced literacy skills for all students—from at-risk to on-level and advanced—in elementary grades. The research-proven program provides students with a systematic and structured approach to phonological awareness, oral language, phonics, vocabulary, fluency, and comprehension. "This study is the first to investigate the impact of Core5 at scale in California schools," said Lexia President Nick Gaehde. "Our study evaluated Core5's impact on more than one million California elementary students' ELA achievement during the 2022-23 school year. We started with third graders because they are the youngest students assessed on the Smarter Balanced assessment." The Core5 and non-Core5 schools in the study had similar average scores on the 2022 SBAC ELA. However, on the 2023 assessment, third graders at the Core5 schools scored an average of 3.49 points higher than their peers at the non-Core5 schools. The scores for Core5-using fourth and fifth graders were, on average, 2.81 and 3.35 points higher respectively than their non-using peers. The Core5 schools had more Emergent Bilingual students as well as more Hispanic or Latino students than non-Core5 schools. However, both categories of schools were similar in total enrollment and the percentage of students receiving free or reduced-price lunch. "Interestingly, third and fourth grade students at the schools using Core5 also scored statistically higher—3.08 points and 3.04 points higher, respectively—on the SBAC Math assessment than students at non-Core5 schools," said Gaehde. "That fact drives home the point that improving students' literacy outcomes boosts their achievements in other areas. Since post-pandemic federal relief funds expired in 2024, school leaders have had to decide whether they should continue investing in interventional programs. These results show that Core5 is helping California educators address the critical need to improve student reading proficiency." About LexiaLexia®, a Cambium Learning® Group brand, is transforming literacy education, driving change in 1 of every 3 school districts across the United States. For more than 40 years, Lexia has been a thought leader in literacy education, delivering award-winning, research-based solutions grounded in the science of reading. With a full spectrum of offerings, including professional learning, curriculum, and embedded assessment tools, Lexia provides educators with Structured Literacy solutions that are proven effective and designed to drive meaningful literacy outcomes. By empowering educators with unparalleled ease of use and the knowledge and tools they need, Lexia helps more students unlock their potential to read, write, and speak with confidence. For more information, visit About Cambium Learning GroupCambium Learning Group is the education essentials company, providing award-winning education technology and services for K-12 educators and students. With an intentional collection of respected global brands, Cambium serves as a leader, helping millions of educators and students feel more seen, valued, and supported every day. In everything it does, the company focuses on the elements that are most essential to the success of education, delivering simpler, more certain solutions that make a meaningful difference right now. To learn more, visit or follow Cambium on Facebook, LinkedIn, and X. The Cambium family of brands includes: Cambium Assessment®, Lexia®, Learning A-Z®, ExploreLearning®, and Time4Learning®. View source version on Contacts Media Contacts Sabrina Leon, Lexia PR Charlotte Andrist, Nickel Communicationscharlotte@ Media Inquiries Only: 770-310-5244
Associated Press
9 minutes ago
- Associated Press
Capstone Green Energy Appoints Christopher Close to Its Board of Directors
LOS ANGELES--(BUSINESS WIRE)--Jun 23, 2025-- Capstone Green Energy Holdings, Inc. (the 'Company' or 'Capstone') (PINK: CGEH) and Capstone Green Energy, LLC., today announced the appointment of Christopher Close to the Company's Board of Directors, effective June 16, 2025. It is also expected that Mr. Close will be appointed to the Board's Audit Committee. In connection with the appointment of Mr. Close, the Board expanded the size of the Board to seven members. 'We are very excited to welcome Chris to the Capstone Board,' said Bob Flexon, Chairman of the Board of Directors of Capstone. 'His extensive financial expertise and business acumen will bring a valuable perspective to our journey toward financial health with sustainable excellence as we focus on discipline and long-term value creation that will fuel our growth. Chris's experience will help accelerate Capstone's efforts to drive strategic momentum as we enter our next phase of meaningful transformation of the Company.' Mr. Close brings more than 35 years of senior financial leadership experience, grounded in corporate finance and strategic execution. His background spans financial planning and analysis, investor relations, mergers and acquisitions, treasury, accounting, as well as additional leadership experience in human resources and information technology. Mr. Close is currently President of Close Consulting LLC, where he advises business owners and private equity portfolio companies on complex financial strategies, operational performance, restructurings, and organizational effectiveness. His prior executive roles include serving as Chief Financial Officer at Noramco, a global pharmaceutical manufacturer, and at Preferred Sands, a leading energy services provider, where he spearheaded transformational financial initiatives across multi-site operations. Earlier in his career, Mr. Close held senior finance positions at Exelon, Constellation Energy, and Airgas and began his professional journey as an auditor at PricewaterhouseCoopers. He holds Series 7 and 66 securities licenses and earned an MBA from Villanova University and a bachelor's degree in accounting from the University of Delaware. 'I'm honored to join Capstone's Board at such a pivotal point in the Company's journey,' said Chris Close, Capstone's newest Board Member. 'Capstone's core values and vision closely align with my own, particularly the focus on financial discipline, operational excellence, and sustainable growth. I look forward to working with the leadership team and my fellow directors to help accelerate the Company's strategic growth and deliver meaningful value for stockholders.' 'We're pleased to welcome Chris to the Board,' added Robert Powelson, Chair of the Governance & Sustainability Committee. 'Following a thorough selection process, we identified Chris as a strong fit based on his financial background, operational leadership, and strategic insight. His addition strengthens the Board's capabilities as we work to enhance execution and build a more resilient and focused organization.' About Capstone Green Energy For almost four decades, Capstone Green Energy has been at the forefront of clean technology using microturbines and revolutionizing how businesses manage their energy supply on a sustainable basis. In partnership with our worldwide team of dedicated distributors, we have shipped over 10,000 units to 83 countries, lowering our clients' carbon footprint with highly efficient on-site energy systems and microgrid solutions. Today, our commitment to a cleaner future is unwavering. We offer customers a range of microturbine products ranging from 65kW to multiple MW's for the commercial, industrial, and utility-scale spaces uniquely tailored to their specific needs. Capstone's solutions portfolio not only showcases our core clean technology microturbines but also includes flexible Energy-as-a-Service (EaaS) offerings, including build, own, and operate models, as well as rental services. Capstone's fast, turnkey power rental solutions are intended to address customers with limited capital or short-term needs; for more information, contact [email protected]. In our pursuit of cutting-edge solutions, we've forged strategic partnerships to extend our impact. Through these collaborations, we proudly offer solutions that utilize renewable gas products and heat recovery solutions. These solutions greatly enhance the sustainability and efficiency of our client's operations while contributing to a cleaner and more responsible sustainable energy landscape. For more information about the Company, please visit Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube. Cautionary Notes This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has tried to identify these forward-looking statements by using words such as 'expect,' 'anticipate,' 'believe,' 'could,' 'should,' 'estimate,' 'intend,' 'may,' 'will,' 'plan,' 'goal' and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the Company's liquidity position and ability to access capital; the Company's ability to continue as a going concern; the Company's ability to successfully remediate the material weaknesses in internal control over financial reporting; the Company's ability to realize the anticipated benefits of its financial restructuring; the Company's ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policies; employee attrition and the Company's ability to retain senior management and other key personnel; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; the potential material adverse effect on the price of the Company's common stock and stockholder lawsuits. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. View source version on CONTACT: Capstone Green Energy Investor and investment media inquiries: 818-407-3628 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: GREEN TECHNOLOGY ALTERNATIVE ENERGY ENERGY ENVIRONMENT UTILITIES SOURCE: Capstone Green Energy Copyright Business Wire 2025. PUB: 06/23/2025 09:15 AM/DISC: 06/23/2025 09:14 AM
Associated Press
9 minutes ago
- Associated Press
Grid Dynamics Announces AI-Powered Engagement Model Enabling Accelerated Business Transformation for Fortune 1000 Enterprises
SAN RAMON, Calif.--(BUSINESS WIRE)--Jun 23, 2025-- Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (Grid Dynamics)—a prominent technology consulting and digital services provider specializing in AI, platform and product engineering, and digital engagement services—today announced the launch of an innovative AI-powered engagement model for its software engineering services. This new model is specifically engineered to deliver the next level of agility, quality, and accelerated time-to-market for Fortune 1000 enterprises. Grid Dynamics' innovative approach expands its engagement offerings beyond traditional Fixed Price, Time and Materials, and Capacity-based engagements. Key features include: At the center of the new engagement model is the Grid Dynamics AI Native Development Framework (GAIN Development Framework), which represents a shift from the traditional effort-based development model to an AI & Human collaboration model optimized for global, enterprise-scale delivery. The GAIN Development Framework is lean, with an emphasis on domain specialists, software architects, and experts in emerging technology, while leveraging Grid Dynamics' AI-Enabled Development Platform to automate routine coding and testing tasks. This structure helps ensure that our clients' investments are focused on creative, high-impact engineering that solves their most complex problems. 'We are redefining how software is built,' said Valery Zelixon, SVP of Sales at Grid Dynamics. 'The GAIN Development Framework is not just about automation—it's about unlocking the full potential of engineering teams. By streamlining repetitive tasks and accelerating innovation cycles, we're helping our clients bring high-impact products to market faster, with greater precision and affordable cost. This marks a major shift in how organizations scale technology.' 'The combination of AI-enabled software development and enterprise-scale delivery creates unprecedented opportunities,' said Leonard Livschitz, CEO of Grid Dynamics. 'And our position at the intersection of innovation and scale, along with our deep AI expertise, enable us to consistently solve complex business challenges and deliver client value at an accelerated pace. We expect this new engagement model to be a significant growth driver as more Fortune 1000 enterprises seek our expertise to harness AI's potential.' Visit this page to learn more. About Grid Dynamics Grid Dynamics (Nasdaq: GDYN) is a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services. Fusing technical vision with business acumen, we solve the most pressing technical challenges and enable positive business outcomes for enterprise companies undergoing business transformation. A key differentiator for Grid Dynamics is our 8 years of experience and leadership in enterprise AI, supported by profound expertise and ongoing investment in data and ML platform engineering, cloud platform and product engineering, IoT and edge computing, and digital engagement services. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the Americas, Europe, and India. Follow us on LinkedIn. Forward-Looking Statements This communication contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words 'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'plans,' 'may,' 'will,' 'potential,' 'projects,' 'predicts,' 'continue,' or 'should,' or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, quotations and statements regarding the expected benefits of our capabilities and our company's future growth including with customers, the AI-Enabled Development Platform, and the Grid Dynamics AI-Native Development Framework. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Grid Dynamics' control and are difficult to predict. Factors that may cause such differences include, but are not limited to our ability to achieve its expected benefits, the expected performance and functionality of our software offerings, as well as any factors limiting our capabilities, the benefits of our services and products, and our company's growth strategy. Grid Dynamics cautions that the foregoing list of factors is not exclusive. Grid Dynamics cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Grid Dynamics does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Further information about factors that could materially affect Grid Dynamics, including its results of operations and financial condition, is set forth under the 'Risk Factors' section of Grid Dynamics' annual report on Form 10-K filed February 27, 2025, and in other periodic filings Grid Dynamics makes with the SEC. View source version on CONTACT: Media Contact: Cary Savas +1 (650) 523 5000 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: TECHNOLOGY CONSULTING BUSINESS PROFESSIONAL SERVICES SOFTWARE INTERNET DATA ANALYTICS DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Grid Dynamics Holdings, Inc. Copyright Business Wire 2025. PUB: 06/23/2025 09:15 AM/DISC: 06/23/2025 09:14 AM
