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(September 11, 2017)
NEW ORLEANS--(BUSINESS WIRE)--$HIIQ #HIIQ--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (?KSF), announces that KSF has commenced an investigation into Health Insurance Innovations, Inc. (NasdaqGM: HIIQ).
On September 11, 2017, a report released by SeekingAlpha cited numerous serious negative developments involving the Company, in part that it ?is facing fraud investigations or cease and desist orders from 42 different states and that ?on the heels of these mounting state fraud investigations, in June of 2017, HIIQ was just rejected for licensure in its home state of Florida and that in the process of appealing that rejection, the Company ?PRIVATELY cited to?the specter of a disastrous ?domino effect from this rejection by which licensing denials will then spread to the other states in which HIIQ does business, an effect that ?was not disclosed to investors in the most recent 10-Q or anywhere else for that matter. Further, the report disclosed that ?so far in 2017, HIIQ insiders have dumped millions of shares taking in over $50 million?just a few months ago, the market cap of the entire company was less than $200 million.
KSFs investigation is focusing on whether Health Insurance Innovations and/or its officers and directors violated state or federal securities laws.
If you are a Health Insurance Innovations shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit http://ksfcounsel.com/cases/nasdaqgm-hiiq-investigation/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
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