NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of MediaAlpha, Inc. (NYSE: MAX) shareholders arising from allegations that MediaAlpha, Inc. may have provided materially misleading business information to investors.
SO WHAT: If you purchased MediaAlpha securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the proposed class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=26634 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
On June 24, 2024, Wolfpack Research published a report titled “MAX: Our Investigation Shows MAX Engaged in Consumer Fraud.” In the relevant portion, Wolfpack disclosed that it “shorted insurance lead generator MediaAlpha, Inc. (NYSE: MAX) following our investigation of the company’s (health insurance) segment.” In addition, Wolfpack stated that it believes “(MediaAlpha) uses dishonest and sometimes downright fraudulent advertisements along with misleading websites to trick consumers into providing their personal information in exchange for a health insurance ‘offer.’ (MediaAlpha) then sells this information as raw lead data or uses it to generate clicks or calls for its lead buying partners.” Our research shows that up to 78% of (MediaAlpha’s) health insurance lead buying partners are engaging in boiler room-style scams or blatantly violating telemarketing laws.”
On this news, MediaAlpha shares fell 5.3% on June 24, 2024 and 6.8% on June 25, 2024.
WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, the firms that file lawsuits do not have comparable experience, resources, or significant peer recognition. Many of these firms do not litigate securities class actions. Choose your attorneys carefully. The Rosen Law Firm represents investors around the world and focuses on securities class actions and shareholder litigation involving derivative securities. The Rosen Law Firm has achieved the largest settlement in a class action against a Chinese company. The Rosen Law Firm was ranked No. 1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
