Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating MediaAlpha, Inc. for possible securities law violations
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NEW YORK, Jan. 20, 2025 (GLOBE NEWSWIRE) — January 15, 2025 — Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”), a leading national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors MediaAlpha. Inch. (MediaAlpha) (NYSE: MAX)
The investigation concerns whether MediaAlpha and certain of its officers and/or directors engaged in securities fraud.
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On November 4, 2024, MediaAlpha disclosed that it had received a letter from Federal Trade Commission (FTC) staff stating that the FTC was “prepared to recommend the filing of a complaint against the Company,” alleging that MediaAlpha had falsely “represented itself as affiliated with government authorities, made misleading claims (particularly regarding health insurance products and the use of consumers’ personal information) and used misleading advertising.”
Following the news, MediaAlpha’s stock price fell $4.46, or 27.7%, to $11.62 per share on November 5, 2024.
Wolf Haldenstein has experience litigating securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas and offices in New York, Chicago, Nashville and San Diego. The firm’s reputation and expertise in shareholder and other class action litigation has been repeatedly praised by courts, which have appointed it to key positions in complex securities, multidistrict litigation and consolidated litigation.
If you would like to discuss this investigation or have any questions regarding your rights and interests, please contact Wolf Haldenstein immediately by phone at (800) 575-0735 or by email at classmember@whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case Analysis and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Phone: (800) 575-0735 or (212) 545-4774
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