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Health Insurance Innovations, Inc. [NASDAQ: HIIQ]

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

Oklahoma City, OK (October 4, 2017) – On September 11, 2017, a securities class action lawsuit was filed in the United States District Court for the Eastern District of New York against Health Insurance Innovations, Inc. (NASDAQ: HIIQ). 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 March 4, 2016 through September 11, 2017. More specifically, this litigation was filed because the Company issued materially false and misleading statements and/or failed to disclose that: (1) Health Insurance Innovations’ application for a third-party insurance administrators license with the Florida Office of Insurance Regulation was denied due in part to material errors and omissions; (2) the Florida Office of Insurance Regulation’s rejection of Health Insurance Innovations’ application for a third-party insurance administrators license could result in its losing licenses in the other states; and (3) as a result, Health Insurance Innovations’ public statements were materially false and misleading at all relevant times.

On September 11, 2017, an article was published on alleging, among other things, that: (1) in June 2017, one of the Company’s key license applications was rejected after regulators uncovers undisclosed legal actions against Company insiders; and (2) the Company privately warned a Florida regulator that a rejection of its license application could create a “domino effect” whereby licensing denials would spread to the other states.

On this news, the Company’s stock price fell $6.55 per share, to close at $23.35 per share on September 11, 2017.

Plaintiff seeks to recover damages on behalf of all Health Insurance Innovations, 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 Monday, November 13, 2017 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, 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.

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