Keippel v. HIIQ Securities Settlement

The purpose of this website is to inform you of a class action lawsuit now pending in the United States District Court for the Middle District of Florida (the “Court”) under the above caption (the “Action”) against Keippel v. Health Insurance Innovations, Inc. n/k/a Benefytt Technologies, Inc. (“HIIQ” or the “Company”) and Gavin Southwell (“Southwell”) and Michael Hershberger (“Hershberger and, together with Southwell, the “Individual Defendants,” and together with HIIQ, “Defendants”). It is alleged the Defendants violated the federal securities laws by making alleged misrepresentations or omissions, which Defendants deny.

A more detailed description of the Action is set forth in paragraphs 4–12 of the Notice. The proposed Settlement, if approved by the Court, will settle claims of the Class and Settlement Class, as defined in paragraph 21 of the Notice

The Court has not decided whether Defendants did anything wrong, and the Notice is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.

The Class, certified by the Court, consists of:

All persons or entities that purchased or otherwise acquired HIIQ common stock between September 25, 2017 and February 18, 2019, inclusive, and who were damaged thereby

However, the Settlement Class consists of:

All persons or entities that purchased or otherwise acquired HIIQ common stock between September 25, 2017, and April 11, 2019, inclusive, and who were damaged thereby.

Your Legal Rights and Options in This Settlement

Submit a Claim Form Deadline: May 11, 2021	The only way to get a payment is to submit a signed Claim Form online or mailed, postmarked or submitted no later than May 11, 2021.
Exclude Yourself Deadline: March 2, 2021	Get no payment. This is the only option that allows you to ever be part of your own lawsuit against HIIQ and the other Released Defendant Parties about the Released Claims.
Object Deadline: March 2, 2021	Write to the Court about why you do not like the Settlement, the proposed Plan of Allocation, Lead Counsel’s application for an award of attorneys’ fees and payment of expenses, and/or an award to Lead Plaintiff.
Go to a Hearing On March 23, 2021	Ask to speak in Court about the Settlement at the Settlement Hearing by filing a written objection and notice of intention to appear by November 19, 2020.
Do Nothing	Get no payment, Give up rights.

The Frequently Asked Questions page of this website has more information on your rights as a Member of the Settlement Class in this Action.