Pomerantz LLP Investigates Claims of Securities Fraud Against GoHealth, Inc.

Strategic Insights -

Pomerantz LLP is investigating allegations of securities fraud and unlawful business practices against GoHealth, Inc. (NASDAQ: GOCO) and its officers and directors. The investigation follows a False Claims Act complaint filed by the U.S. Department of Justice (DOJ) on May 1, 2025, which alleges that GoHealth and other health insurance companies paid hundreds of millions of dollars in kickbacks to insurance broker organizations in exchange for Medicare Advantage enrollments. As a result of the DOJ's lawsuit, GoHealth's stock price plummeted by $1.09 per share, or 10.35%, to close at $9.44 per share on May 1, 2025.

Key Takeaways:

  • Pomerantz LLP is investigating claims of securities fraud and unlawful business practices against GoHealth, Inc. and its officers and directors.
  • The investigation centers around a False Claims Act complaint filed by the U.S. Department of Justice on May 1, 2025, which alleges kickbacks paid by GoHealth and other health insurance companies to insurance broker organizations.
  • The alleged kickbacks totaled hundreds of millions of dollars and were paid in exchange for Medicare Advantage enrollments from 2016 to at least 2021.
  • As a result of the DOJ's lawsuit, GoHealth's stock price fell by 10.35% to close at $9.44 per share on May 1, 2025.
  • Pomerantz LLP has a history of successfully recovering multimillion-dollar damages awards on behalf of class members in securities class actions.
  • The Firm has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv and is acknowledged as one of the premier firms in corporate, securities, and antitrust class litigation.

Statistics:

  • 10.35%: Decline of GoHealth's stock price on May 1, 2025
  • $1.09: Amount by which GoHealth's stock price fell on May 1, 2025
  • $9.44: Closing price of GoHealth's stock on May 1, 2025
  • Hundreds of millions of dollars: Alleged kickbacks paid by GoHealth and other health insurance companies to insurance broker organizations
  • 2016-2021: Period during which alleged kickbacks were paid
  • $9.44: Closing price of GoHealth's stock on May 1, 2025

Sources:

  • PRNewswire, "Pomerantz LLP is Investigating Claims on Behalf of Investors of GoHealth, Inc.", May 26, 2025
  • U.S. Department of Justice, False Claims Act complaint against GoHealth, Inc. and other health insurance companies, May 1, 2025