is a boutique law firm handling complex and class action litigation, including shareholder derivative litigation, securities class actions, data breach and consumer class actions.

Current Securities Class Action Cases

Federman & Sherwood regularly posts press releases about new class action securities cases, which includes the class period and deadlines for appointment of lead plaintiffs.  Please review any of the case listings  below, and if you bought a security during the class period, we invite you to return an investor certification to our office. Our link to an investor certification for any of the cases can be found below each respective press release on that company.  Once completed, please return to our office by email to rkh@federmanlaw.com or fax to (405) 239-2112. 

Current Cases

eHealth, Inc. [NASDAQ: EHTH]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against eHealth, Inc.

 

Oklahoma City, OK (January 28, 2015) – On January 26, 2015, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against eHealth, Inc. (NASDAQ: EHTH) and certain of its officers and directors.  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is October 31, 2014 through January 14, 2015.  More specifically, this litigation was filed because on January 14, 2015, eHealth lowered its fiscal year 2014 revenue guidance to a range of $178 million to $180 million from its prior revenue guidance in the range of $185 million to $194 million.  eHealth attributed the revision in part because “. . . revenues and earnings were impacted by a shortfall in our Individual & Family Plan (“IFP”) sponsorship and advertising and other ancillary revenues driven by lower than expected IFP application volumes and by the timing of several million dollars of Medicare revenues which were pushed out into the first quarter of 2015.  In addition, fourth quarter earnings were impacted by the fact that we spent considerably more than we planned on Medicare marketing costs due primarily to stronger than expected application growth in our Medicare business.”    On this news, eHealth shares declined $11.38 per share to close at $9.42 on January 14, 2015.   

 

Plaintiff seeks to recover damages on behalf of all eHealth, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  You may move the Court no later than Friday, March 27, 2015 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here  to obtain an investor certification.  Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN:  Robin.

Copyright © 2017 Federman & Sherwood. All Rights Reserved.