{"id":380504,"date":"2020-11-12T17:57:10","date_gmt":"2020-11-12T22:57:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380504"},"modified":"2020-11-12T17:57:10","modified_gmt":"2020-11-12T22:57:10","slug":"gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\/","title":{"rendered":"GOHEALTH, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it  has  filed  a  securities  class  action  lawsuit  in  the  United States District Court for the Northern District of Illinois against GoHealth, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">APPROACHING LEAD PLAINTIFF DEADLINE ON NOVEMBER 20, 2020<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <b>\u00a0<\/b><br \/>\n        <span class=\"xn-location\">NEW YORK<\/span> and <span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Nov. 12, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=3061162584&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP+\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <\/a>\u00a0reminds investors that \u00a0it has filed a \u00a0federal \u00a0securities \u00a0class \u00a0action \u00a0lawsuit \u00a0against GoHealth, Inc. \u00a0(&#8220;GoHealth&#8221; or the &#8220;Company&#8221;) (NASDAQ: GOCO).\u00a0\u00a0 The class action, filed in <span class=\"xn-location\">United States<\/span> District Court for the Northern District of <span class=\"xn-location\">Illinois<\/span>, Eastern Division, and docketed under 1:20-cv-05765, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired GoHealth Class A common stock pursuant and\/or traceable to the registration statement issued in connection with GoHealth&#8217;s <span class=\"xn-chron\">July 2020<\/span> initial public offering (the &#8220;IPO&#8221;). <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=1022025749&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=Wolf+Haldenstein\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> is seeking to pursue remedies under the Securities Act of 1933 (the &#8220;Securities Act&#8221;) against GoHealth, certain of GoHealth&#8217;s officers and directors, and the private equity sponsor of the IPO and its affiliates.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>All <\/b><br \/>\n        <b>\u00a0investors who purchased shares of<\/b><br \/>\n        <b>GoHealth<\/b><br \/>\n        <b>and incurred losses are urged<\/b><br \/>\n        <b> to contact the firm immediately at \u00a0<a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a> or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=2881236010&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=join+the+case\" rel=\"nofollow noopener noreferrer\">join the case<\/a> on our website, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=2751850771&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=www.whafh.com.\" rel=\"nofollow noopener noreferrer\">www.whafh.com.<\/a><\/b>\n      <\/p>\n<p>If you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the \u00a0shares of against \u00a0GoHealth<b>.<\/b><b>,<\/b><b>you<\/b><b> may,<\/b><b>no later than <span class=\"xn-chron\">November 20, 2020<\/span><\/b><b>, \u00a0<\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of GoHealth<b>.<\/b><\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=2503060592&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=CLICK+HERE+TO+JOIN+CASE\" rel=\"nofollow noopener noreferrer\">CLICK HERE TO JOIN CASE<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>On <span class=\"xn-chron\">June 19, 2020<\/span>, GoHealth filed a registration statement\u00a0 with the United States Securities and Exchange Commission (&#8220;SEC&#8221;) for the IPO on Form S-1 (the &#8220;Registration Statement&#8221;), which was used to sell to the investing public 43.5 million shares of GoHealth Class A common stock at <span class=\"xn-money\">$21<\/span> per share, for total gross proceeds of <span class=\"xn-money\">$913.5 million<\/span>.<\/p>\n<p>Our complaint alleges that the Offering Materials for the IPO were negligently prepared and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing their preparation. Specifically, the Offering Materials failed to disclose that at the time of the IPO:<\/p>\n<ul type=\"disc\">\n<li>the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020; <\/li>\n<li>GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base; <\/li>\n<li>GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company&#8217;s concentrated carrier business model, and GoHealth&#8217;s efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; <\/li>\n<li>GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and <\/li>\n<li>these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.<\/li>\n<\/ul>\n<p>Since the <span class=\"xn-chron\">July 2020<\/span> IPO, the price of GoHealth Class A common stock has suffered significant price declines. By <span class=\"xn-chron\">September 15, 2020<\/span>, GoHealth Class A common stock closed at just <span class=\"xn-money\">$12.53<\/span> per share \u2013 over 40% below the <span class=\"xn-money\">$21<\/span> per share price investors paid for the stock in the IPO nearly two months prior.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=1022025749&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=Wolf+Haldenstein\" rel=\"nofollow noopener noreferrer\"><br \/>\n          <span class=\"xn-person\">Wolf Haldenstein<\/span><br \/>\n        <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0 The firm has attorneys in various practice areas; and offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span> and San Diego.\u00a0 The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2980564-1&amp;h=2098174985&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fgohealth-inc-nasdaq-goco%2F&amp;a=%C2%A0www.whafh.com.\" rel=\"nofollow noopener noreferrer\">\u00a0www.whafh.com.<\/a><\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <br \/><span class=\"xn-person\">Kevin Cooper, Esq.<\/span><br \/><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis<br \/>Email: <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\">gstone@whafh.com<\/a>, <a href=\"mailto:kcooper@whafh.com\" rel=\"nofollow\">kcooper@whafh.com<\/a> or <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>\u00a0<br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY90487&amp;sd=2020-11-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-it--has--filed--a--securities--class--action--lawsuit--in--the--united-states-district-court-for-the-northern-district-of-illinois-301172411.html\">http:\/\/www.prnewswire.com\/news-releases\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman&#8211;herz-llp-reminds-investors-that-it&#8211;has&#8211;filed&#8211;a&#8211;securities&#8211;class&#8211;action&#8211;lawsuit&#8211;in&#8211;the&#8211;united-states-district-court-for-the-northern-district-of-illinois-301172411.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY90487&amp;Transmission_Id=202011121754PR_NEWS_USPR_____NY90487&amp;DateId=20201112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>APPROACHING LEAD PLAINTIFF DEADLINE ON NOVEMBER 20, 2020 PR Newswire \u00a0 NEW YORK and CHICAGO, Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0reminds investors that \u00a0it has filed a \u00a0federal \u00a0securities \u00a0class \u00a0action \u00a0lawsuit \u00a0against GoHealth, Inc. \u00a0(&#8220;GoHealth&#8221; or the &#8220;Company&#8221;) (NASDAQ: GOCO).\u00a0\u00a0 The class action, filed in United States District Court for the Northern District of Illinois, Eastern Division, and docketed under 1:20-cv-05765, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired GoHealth Class A common stock pursuant and\/or traceable to the registration statement issued in connection with GoHealth&#8217;s July 2020 initial public offering (the &#8220;IPO&#8221;). Wolf Haldenstein is seeking to pursue remedies under the Securities &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOHEALTH, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it  has  filed  a  securities  class  action  lawsuit  in  the  United States District Court for the Northern District of Illinois against GoHealth, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380504","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GOHEALTH, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it has filed a securities class action lawsuit in the United States District Court for the Northern District of Illinois against GoHealth, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GOHEALTH, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it has filed a securities class action lawsuit in the United States District Court for the Northern District of Illinois against GoHealth, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"APPROACHING LEAD PLAINTIFF DEADLINE ON NOVEMBER 20, 2020 PR Newswire \u00a0 NEW YORK and CHICAGO, Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0reminds investors that \u00a0it has filed a \u00a0federal \u00a0securities \u00a0class \u00a0action \u00a0lawsuit \u00a0against GoHealth, Inc. \u00a0(&#8220;GoHealth&#8221; or the &#8220;Company&#8221;) (NASDAQ: GOCO).\u00a0\u00a0 The class action, filed in United States District Court for the Northern District of Illinois, Eastern Division, and docketed under 1:20-cv-05765, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired GoHealth Class A common stock pursuant and\/or traceable to the registration statement issued in connection with GoHealth&#8217;s July 2020 initial public offering (the &#8220;IPO&#8221;). Wolf Haldenstein is seeking to pursue remedies under the Securities &hellip; Continue reading &quot;GOHEALTH, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it has filed a securities class action lawsuit in the United States District Court for the Northern District of Illinois against GoHealth, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T22:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gohealth-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-it-has-filed-a-securities-class-action-lawsuit-in-the-united-states-district-court-for\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"GOHEALTH, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that it has filed a securities class action lawsuit in the United States District Court for the Northern District of Illinois against GoHealth, Inc. - Market Newsdesk","og_description":"APPROACHING LEAD PLAINTIFF DEADLINE ON NOVEMBER 20, 2020 PR Newswire \u00a0 NEW YORK and CHICAGO, Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP \u00a0reminds investors that \u00a0it has filed a \u00a0federal \u00a0securities \u00a0class \u00a0action \u00a0lawsuit \u00a0against GoHealth, Inc. \u00a0(&#8220;GoHealth&#8221; or the &#8220;Company&#8221;) (NASDAQ: GOCO).\u00a0\u00a0 The class action, filed in United States District Court for the Northern District of Illinois, Eastern Division, and docketed under 1:20-cv-05765, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired GoHealth Class A common stock pursuant and\/or traceable to the registration statement issued in connection with GoHealth&#8217;s July 2020 initial public offering (the &#8220;IPO&#8221;). Wolf Haldenstein is seeking to pursue remedies under the Securities &hellip; Continue reading \"GOHEALTH, INC. 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