SAN DIEGO, Feb. 11, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of eHealth, Inc. (EHTH) over alleged Federal Securities Laws Violations by eHealth.
Investors who purchased a significant amount of shares of eHealth, Inc. (Nasdaq:EHTH) between October 31, 2014 and January 14, 2015, and / or if you purchased any (Nasdaq:EHTH) shares prior to October 2014 and continue to hold any of those shares have certain options and for certain investors are short and strict deadlines running. Deadline: March 27, 2015. (Nasdaq:EHTH) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that eHealth, Inc. and certain of its officers and directors issued certain materially false and misleading statements about eHealth's true financial condition and prospects.
On January 14, 2015, eHealth, Inc. announced its preliminary results for the fourth quarter and fiscal year 2014. eHealth, Inc. said that Revenue for the fiscal year 2014 is expected to be in the range of $178 million to $180 million, compared to the company's prior guidance of $185 million to $194 million.
The CFO of eHealth, Inc. said that fourth quarter revenues and earnings were impacted by a shortfall in eHealth, Inc's Individual & Family Plan sponsorship and advertising and other ancillary revenues driven by lower than expected Individual & Family Plan application volumes and by the timing of several million dollars of Medicare revenues which were pushed out into the first quarter of 2015. The CFO of eHealth, Inc. also said that fourth quarter earnings were also impacted by the fact that eHealth, Inc spent considerably more than it planned on Medicare marketing costs due primarily to stronger than expected application growth in its Medicare business.
On January 16, 2015, shares of eHealth, Inc. (Nasdaq:EHTH) dropped to as low as $8.88 per share.
The lawsuit seeks to recover damages for certain eHealth investors.
Those who purchased shares of eHealth, Inc. (Nasdaq:EHTH) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.