ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages SelectQuote, Inc. Investors to Inquire About Securities Class Action Investigation
New York, New York--(Newsfile Corp. - May 25, 2025) - 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 [email protected] for information on the class action.
What is this about: On May 1, 2025, the United States Department of Justice published 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.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253289
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
7 minutes ago
- Associated Press
Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes 'Scenario-as-Store' Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000
LOS ANGELES--(BUSINESS WIRE)--Jun 22, 2025-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. This press release features multimedia. View the full release here: Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes 'Scenario-as-Store' Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000 'A quick heads-up for everyone: the FX Super One's first in-person Private Preview & Co-Creation Event is on track to take place next Sunday afternoon, June 29, in Los Angeles. Now let's start with the progress we made this past week. On S1 User Ecosystem, first, yet another stride in pre-order collection. FX has signed a deposit agreement for 500 FX Super Ones with Telling Inc., a leading MCN livestream e-commerce ecosystem service provider focused on the North American market and TikTok. With this, total B2B binding deposit agreements for non-binding preorders for the FX Super One have reached 4,000 units. Telling Inc. is the third MCN B2B co-creation partner to sign a deposit agreement with FX, and this marks yet another successful case of the 'end-to-end B2B2C' co-creation ecosystem model between the automotive industry and MCN agencies. Second, our Private Preview & Co-Creation Event on June 29th will be the first official showcase of the FX Super One for a select, invite-only audience, who would enjoy an exclusive preview, experience, and co-creation session. The entire FF and FX team is now focused on final preparations for the June 29th event, which include vehicle calibration, on-site setup, guest confirmations, coordinating test rides and test drive logistics. We are in the final sprint. Although the available spots for the event are limited, the response has been overwhelming. As of today, following a careful review and selection process, we have confirmed that we have reached over 100 guests from a diverse range of industries. We look forward to welcoming them on June 29th, where they will be the first to witness and experience this groundbreaking new species: the first-ever First Class AI-MPV for the U.S. market. Third, we have now received the non-refundable deposit for the 1,000-unit non-binding pre-order of our FX Super One from Pinnacle, one of California's largest real estate brokerages. This collaboration with Pinnacle not only catalyzed the eco-chemistry that merges the auto industry and the real estate brokerage system, it also creates a first-of-its-kind symbiotic ecosystem designed for mutual success. It allows FX to bypass the traditional dealership investment. Instead, we can tap directly into Pinnacle's assets: their network of nearly 2,000 experienced agents, their extensive open-house events across Los Angeles, and their direct access to a high-net-worth client base. This helps craft a truly immersive, experiential, and accessible buying experience where customers can encounter our vehicles in a natural, low-pressure environment. More importantly, this is a key milestone in realizing the 'Scenario-as-Store' vision I've long held: an asset-light, co-creation sales model that is now bearing fruit through FX. Looking ahead, we will continue to forge partnerships with top real estate brokerages to pioneer our scenario-based ecosystem with programs such as 'Luxury Car + Luxury Home' and 'Car Home Together,' which brings not only a vastly improved customer experience, but also lower acquisition costs, and exponential operational efficiency, all driving co-creation, sharing, and win-win outcomes. This model is designed to be a cornerstone of our strategy for driving rapid volume growth and achieving blockbuster success. It's a crucial part of our plan to fulfill the vision of An AIEV for Everyone in the U.S. Going to S2 and S3, Product and Technology: We are proud to announce the upcoming milestone release of our FF AI 2.0 system, which can now switch between over 50 languages in real-time, remember conversational context, and understand complex commands. For example, it can even do this. When you tell it: 'It's a bit warm, but I don't want the AC on,' it will intelligently recommend to adjust alternative vehicle controls for optimal comfort, such as pop the windows or close the roof shade. FF AI 2.0 is deeply integrated with Open AI. The system is scheduled to be available on the FF 91 via an upcoming OTA update, with a planned rollout for the FX line in the future. FF could be the first automotive company in North America to offer this level of AI functionality. For a diverse, multilingual market like the US, FF AI 2.0 could provide value we believe is exceptional to users. Finally, S7 Capability and System Build-Up: Since I took office as Co-CEO, the company has adopted a quarterly strategic update and management framework to ensure we can adapt quickly to market dynamics and our own business results. Next week, we will initiate the upgrade and sign-off process for the Q3 strategy execution plan and KPIs. We will also launch our performance review for the second quarter and the first half of 2025. We have a packed and pivotal week ahead. To our guests for the event, we'll be waiting to welcome you as the sun sets over California. Spoiler alert, next week's update will take you behind the scenes with exclusive highlights of our Private Preview & Co-Creation Event. Until next week.' ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plans,' 'desire,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' and 'future,' variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the number of vehicles that Pinnacle Real Estate Group ultimately chooses to purchase from the Company, which may be as few as one; the ability of Pinnacle Real Estate Group to identify purchasers for the Super One; the Company's ability to expand production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's history of losses and expectation of continued losses; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on CONTACT: Investors (English):[email protected] Investors (Chinese):[email protected] Media:[email protected] KEYWORD: CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC CALIFORNIA INDUSTRY KEYWORD: VEHICLE TECHNOLOGY AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE EV/ELECTRIC VEHICLES MANUFACTURING PERFORMANCE & SPECIAL INTEREST SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2025. PUB: 06/22/2025 08:56 PM/DISC: 06/22/2025 08:55 PM
CNN
26 minutes ago
- CNN
What would you need to earn to feel financially secure? A quarter of Americans say $150,000 or more
Almost half of Americans (45%) think they would need to make $100,000 or more a year to 'feel financially secure' or 'comfortable,' according to a new survey from Bankrate. Breaking that down further, a quarter of respondents in total (26%) put the number at $150,000 or more. Among them, 8% said they would need to earn between $200,000 and $499,999, while another 8% said $500,000 or more. On the flip side, nearly half of respondents (45%) said they would feel financially secure making less than six figures, with 34% saying they would feel comfortable making between $50,00 and $99,999. The online survey, conducted by YouGov and taken by 2,260 US adults in mid-May, also asked 'What annual income would you need to feel rich/attain financial freedom?' More than half (55%) put the number at $200,000 or more. Among them, a quarter (26%) said it would take at least $1 million a year, while 13% said they would need to earn somewhere between $500,000 and $999,999. More than half of respondents (56%) said they needed to earn more than they are currently making to feel secure. So what do Americans make in reality? Based on the latest Census data, median US household income in 2023 was $80,610. That's the mid-point on incomes, meaning half of US households made less. But that median is across all households regardless of size. In family households specifically — where two or more people live — the median was $102,800. Within that group, the highest median ($119,400) reported was among married couples. In terms of individual incomes in 2023, the median income of a full-time worker with earnings working year round was $60,070. Neither the Bankrate survey nor the respondents specified what was meant by the terms 'financially secure' or 'rich,' nor what financial freedom meant to them. The answer, of course, will always be highly subjective. How much you personally think you need is going to be influenced by many factors, including: Your current income, your age, whether you have children, where you live, how much debt you have and what your monthly expenses are. (Not to mention assets that contribute to your net worth, such as a 401(k) or brokerage account, a home or a business. But the survey didn't address that issue.) Among Bankrate survey respondents, 54% of those who already made $100,000 or more said they'd need to make at least $150,000 to feel financially secure. Gen Xers (ages 45 to 60) were most likely (35%) to say they'd need to earn $150,000 or more to live comfortably, compared to 26% of millennials (ages 29 to 44) and 20% of Gen Zers (ages 18 to 28). Among parents with children under 18, 35% indicated earning $150,000 or more a year would make them feel financially secure. And those most likely to say they'd need to earn $1 million or more to feel financially free were parents whose children were 18 or older (33%). Bankrate asked respondents how they would describe their current level of financial security. Overall, most (77%) said they did not feel 'completely financially secure,' including 32% who said they didn't think they ever would. Those most likely to say they did feel 'completely financially secure' were people making at least $100,000. Within that income group, 42% of respondents said they considered themselves secure. Only a quarter of those in the $50,000 to $79,999 income group and 12% of those making less than $50,000 said the same. In terms of life stages, large majorities of each generation said they don't feel financially secure, including 84% of Gen Xers; 80% of Gen Zers; 79% of millennials and 69% of Baby Boomers. 'Getting rich may have once been what many Americans fantasized about, but now, simply living comfortably feels like the new aspiration, as economic challenges make financial stability a rare luxury,' said Bankrate economic analyst Sarah Foster.
Yahoo
38 minutes ago
- Yahoo
Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran
Bitcoin briefly fell below $99,000 on Sunday to its lowest level in more than six weeks as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. After trending sharply higher between early April and late May, the cryptocurrency has consolidated within a descending channel. Investors should watch crucial support levels on Bitcoin's chart around $100,000 and $92,000, while also monitoring resistance levels near $107,000 and $112, (BTCUSD) briefly fell below $99,000 on Sunday as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. The digital currency moved as low as $98,200 on Sunday afternoon, its lowest level since May 8, amid uncertainty about the geopolitical and economic outlook after the U.S. late Saturday entered a conflict between Israel that had intensified over the past week. In recent trading, bitcoin had rebounded to about $101,200 but was still well down from its high last Monday of near $109,000. Below, we take a closer look at bitcoin's chart and apply technical analysis to identify crucial price levels worth watching out for. After trending sharply higher between early April and late May, bitcoin has consolidated within a descending channel. Over the past week, the cryptocurrency's price has retraced toward the pattern's lower trendline, an area on the chart that closely aligns with the psychological $100,000 level. Moreover, recent selling has coincided with the relative strength index falling below its neutral threshold, signaling weakening price momentum. Let's identify crucial support and resistance levels on Bitcoin's chart. Investors should initially monitor the $100,000 level. This area on the chart is likely to gain significant attention near the descending channel's lower trendline and a range of corresponding trading activity stretching back to last November. A decisive close below this level could see the cryptocurrency's price revisit lower support around $92,000. Investors may seek buying opportunities in this area near a horizontal line that links a series of price action on the chart between November and April. The first resistance level to watch sits around $107,000. The cryptocurrency could face overhead selling pressure in this location near the descending channel's top trendline, which also closely aligns with prominent peaks that formed on the chart in December and January. Finally, buying above this level could see BTC bulls push the price toward $112,000. Investors who have accumulated bitcoin during its recent retracement could decide to lock in profits near last month's high, which also marks the cryptocurrency's all-time high. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
