Sign in Subscribe
Financial services

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

Strategic Insights

— 1 min read

Pomerantz LLP is investigating allegations of securities fraud and unlawful business practices against GoHealth, Inc. (NASDAQ: GOCO), after the U.S. Department of Justice (DOJ) filed a False Claims Act complaint against several health insurance companies, including GoHealth, alleging kickbacks to insurance brokers for Medicare Advantage plan enrollments. The complaint covers the period from 2016 to 2021. As a result of the lawsuit, GoHealth's stock price plummeted, falling 10.35% to close at $9.44 per share on May 1, 2025.

Key Takeaways:

  • Pomerantz LLP is investigating claims of securities fraud against GoHealth, Inc., after the DOJ filed a False Claims Act complaint alleging kickbacks to insurance brokers.
  • The complaint covers the period from 2016 to 2021 and involves several health insurance companies, including GoHealth.
  • GoHealth's stock price fell 10.35% to close at $9.44 per share on May 1, 2025.
  • The investigation concerns whether GoHealth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Pomerantz LLP is a premier firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages awards for class members.
  • The firm was founded by Abraham L. Pomerantz, known as the dean of the class action bar, and has continued his legacy of fighting for the rights of victims of securities fraud and corporate misconduct.

Statistics:

  • GoHealth's stock price fell 10.35% to close at $9.44 per share on May 1, 2025.
  • The complaint covers the period from 2016 to 2021, involving the payment of hundreds of millions of dollars in illegal kickbacks to insurance brokers.
  • Pomerantz LLP has recovered numerous multimillion-dollar damages awards on behalf of class members.

Sources:

  • "Pomerantz LLP Investigates Claims on Behalf of Investors of GoHealth, Inc." - May 12, 2025 /PRNewswire/
  • "U.S. Department of Justice Filing of False Claims Act Complaint" - May 1, 2025
  • Pomerantz LLP website, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv.

Read more