Company Website:
http://www.glancylaw.com/
LOS ANGELES -- (Business Wire)
Glancy
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Northern District
of California on behalf of a class (the “Class”) comprising purchasers
of the common stock of eHealth,
Inc. (“eHealth” or the “Company”) (NASDAQ:EHTH) between October 31,
2014 and January 14, 2015, inclusive (the “Class Period”).
Please contact Lesley
Portnoy or Casey
Sadler at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
eHealth is a technology company that provides online health insurance
services, and facilitates the matching of insurance carriers with
individuals, families and businesses. The Complaint alleges that
defendants made false and/or misleading statements regarding the
Company’s operations, finances and future prospects, including
statements claiming that eHealth was uniquely poised to benefit from the
insurance marketplaces promoted in the U.S. Affordable Care Act (“ACA”).
On January 14, 2015, eHealth announced disappointing preliminary
financial results for the quarter ended December 31, 2014. The Company
reported that it expects quarterly revenues of $43-45 million, and
losses per share of $0.47 to $0.56, well below the consensus of revenues
$52.6 million and per-share losses of $0.11. The Company also reported a
41% year-over-year decline in submitted applications, and higher
marketing costs in its Medicare segment. Following this news, the
Company’s shares fell over 50% on January 15, 2015, on heavy volume.
If you are a member of the Class described above, you may move the Court
no later than March 27, 2015, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley
Portnoy, Esquire, or Casey
Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts:
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lesley Portnoy or
Casey Sadler
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Binkow & Goldberg LLP
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