{"id":383376,"date":"2020-11-17T15:31:53","date_gmt":"2020-11-17T20:31:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383376"},"modified":"2020-11-17T15:31:53","modified_gmt":"2020-11-17T20:31:53","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-the-north-3","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-the-north-3\/","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":"<h2>\nIMPENDING LEAD PLAINTIFF DEADLINE IS THIS FRIDAY, NOVEMBER 20, 2020<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK and CHICAGO, Nov.  17, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W-Ng2bJrYZPTJgjbqdTk-uWajnyOsFHo8GnMQa9SIdOOKWCIZOn7gz5bB_Fgu_ctjlhsdNPQ9qX-NDUVHnCIbO8cOPb3t-k33zPPRgTJaJov6mP-g31MAUP8h-FZPiVJ0hw_hUhMZvn3aeF85lXMhk19IvB4Dk2icB7dcqa-jzc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein Adler Freeman &amp; Herz LLP<\/a> announces that it has filed a federal securities class action lawsuit against GoHealth, Inc. \u00a0(\u201cGoHealth\u201d or the \u201cCompany\u201d) (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\u2019s July 2020 initial public offering (the \u201cIPO\u201d). <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W-Ng2bJrYZPTJgjbqdTk-h7uMqxs0zT7AkMantKR9hUUnRbJzEBy22e7_lnxcUykakjBAgE0eLDtyLb2FDjfzfixkedR00QPBx6QJhDIMhDZjUqxNXMxDIo5Qd894x8h\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein<\/a> is seeking to pursue remedies under the Securities Act of 1933 (the \u201cSecurities Act\u201d) against GoHealth, certain of GoHealth\u2019s officers and directors, and the private equity sponsor of the IPO and its affiliates.<\/p>\n<p align=\"justify\">\n        <strong>All <\/strong><br \/>\n        <strong>i<\/strong><br \/>\n        <strong>nvestors <\/strong><br \/>\n        <strong>who<\/strong><br \/>\n        <strong>purchased<\/strong><br \/>\n        <strong>shar<\/strong><br \/>\n        <strong>es<\/strong><br \/>\n        <strong> of<\/strong><br \/>\n        <strong>GoHealth<\/strong><br \/>\n        <strong>a<\/strong><br \/>\n        <strong>nd<\/strong><br \/>\n        <strong> incurred losses <\/strong><br \/>\n        <strong>a<\/strong><br \/>\n        <strong>re<\/strong><br \/>\n        <strong>u<\/strong><br \/>\n        <strong>rged<\/strong><br \/>\n        <strong>to contact the firm <\/strong><br \/>\n        <strong>i<\/strong><br \/>\n        <strong>mmediately at <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-a8uImihagrkd11qu3gIapc5RCxM7aLrwfG1lHPL4VV-j-ps9-Br2-sPqbCpY93EbjKuEzPuXQZt1M7-ld2-HNXYg7X0Wl3FI5ho0VRfL-w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>classmember@whafh.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong> or (800) 575-0735 or (212) 545-4774.<\/strong><br \/>\n        <strong> You may o<\/strong><br \/>\n        <strong>btain additional information conc<\/strong><br \/>\n        <strong>erning the action <\/strong><br \/>\n        <strong>or <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iYZl-XmJwvjg7dczi6iLdBZm4Ttg5ePcqyun3n6gt2EXwtVxTF4fTX9R8qO6ky5j2swosbOogR5OM8gM9vlhgA5fmCDf0fwYcyx5-OacbbSMqYIF6sWrtTb9rraKG-tN\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>join the case<\/strong><br \/>\n        <\/a><br \/>\n        <strong>on our <\/strong><br \/>\n        <strong>website<\/strong><br \/>\n        <strong>, <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J7RsJ1H5HUd7waqM8nrn_zmRxPV9EqS__-SHEOrKGLFYt6mm86I_DMDTwaBoe27_kO-_aDvu0KU4lrgki0XSbw8QlQWEIcfoPvOoiFzNw-h7zjdeP674xbte1leZ80Ou\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>www.whafh.com<\/strong><br \/>\n        <\/a><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BtxgyGwqUmbl9fr_3AX45MWdKZZ0Dgx-8UxMp40OpwFZf1bBVzdRvyFMAYNz9KlXz5l9m5fL6nXXn8BxSbHpa5eVYI6vSkukxGwiJFPBir8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>.<\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">If you have incurred losses in the shares of against GoHealth<strong>,<\/strong><strong>you<\/strong><strong>may<\/strong><strong>,<\/strong><strong>no<\/strong><strong>later than<\/strong><strong> November <\/strong><strong>2<\/strong><strong>0<\/strong><strong>, 2020<\/strong><strong>,<\/strong> request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W-Ng2bJrYZPTJgjbqdTk-hrYZsWtxUvJTQnsPnp_UhWQser6cFzSjvTf7AwyUrSyEWezAY056TFRa_EkeqqT8A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of GoHealth<strong>.<\/strong><\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZPFARgEC4q8pzJwKPgqsgxNzxw8j9infXw8EgNv-JGmfl9G78FD3qDEnZAfb4kgmcx-dmTyGHFH734ttiEyl4wrzajGtpX7SqS__y22_xLYEGohOUH0Ouz7_QmhpoUv5Gckxfreg6EAjq5dnzcAN9A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>CLICK HERE TO JOIN CASE<\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">On June 19, 2020, GoHealth filed a registration statement with the United States Securities and Exchange Commission (\u201cSEC\u201d) for the IPO on Form S-1 (the \u201cRegistration Statement\u201d), which was used to sell to the investing public 43.5 million shares of GoHealth Class A common stock at $21 per share, for total gross proceeds of $913.5 million.<\/p>\n<p align=\"justify\">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;\n<\/li>\n<li>GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base;\n<\/li>\n<li style=\"text-align:justify\">GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company\u2019s concentrated carrier business model, and GoHealth\u2019s efforts to expand into new geographies, develop new carrier partnerships and worsening product mix;\n<\/li>\n<li style=\"text-align:justify\">GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and\n<\/li>\n<li style=\"text-align:justify\">these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.<\/li>\n<\/ul>\n<p align=\"justify\">Since the July 2020 IPO, the price of GoHealth Class A common stock has suffered significant price declines. By September 15, 2020, GoHealth Class A common stock closed at just $12.53 per share \u2013 over 40% below the $21 per share price investors paid for the stock in the IPO nearly two months prior.<\/p>\n<p>Wolf Haldenstein has extensive experience in the prosecution of 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 and San Diego. 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 align=\"justify\">If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W-Ng2bJrYZPTJgjbqdTk-kDUQflvJt2d4fw2VIZoiFgiUaDs6PG-xLm-s7URbfa59jMrrpvAZ20SaP257PYkSQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-a8uImihagrkd11qu3gIapc5RCxM7aLrwfG1lHPL4VVuYv-Igm30wdVLgMDd7bNHoCSVe2FFL8tDMEUG5_V_e5ECIrp9wZVSTg0gbn1XLT0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">classmember@whafh.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J7RsJ1H5HUd7waqM8nrn_2JO_bZpoHy9YI5AP9jHNyKfAvuRMubo1X0h5C_rnBpUQLqiC_Zxlh1GVKYur2cBZ6JaCGs8nIqasGsysLmG7CDN5forYK5ZefqjjA8Y03U9\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.whafh.com<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=C12f8X9B-Dmnb3iiJdpcpzarey0N3-0UoZVE89P_QUEd99ulHYUQkTceLNFiBK_BMkkjQiRLVSkCHdkK7N6ANX3s9oG1G7vpuj79wxiso98=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">.<\/a><\/p>\n<p align=\"justify\">Contact:<\/p>\n<p align=\"justify\">Wolf Haldenstein Adler Freeman &amp; Herz LLP <br \/>Kevin Cooper, Esq.<br \/>Gregory Stone, Director of Case and Financial Analysis<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_F1ys43_CFhLwQOiHiX4WfvhLyAMCJrT18TtU3y5PVxMUT2FEzmjzIlpFbsNW8OR-fO0OHvNvlDXZ_7CgFCM-Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">gstone@whafh.com<\/a>, kcooper@whafh.com or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-a8uImihagrkd11qu3gIapc5RCxM7aLrwfG1lHPL4VWaq1HVUuSR50ps4ZnKju0bvIDlUqOuUlxDjJsDH2g6bt15khZQFq5P9WXaVBKDn7I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">classmember@whafh.com<\/a><br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzkxNSMzODMyMjcxIzIwMTc2NzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2e106346-9e23-4f25-bd4f-59d0cc2bbc64\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IMPENDING LEAD PLAINTIFF DEADLINE IS THIS FRIDAY, NOVEMBER 20, 2020 NEW YORK and CHICAGO, Nov. 17, 2020 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that it has filed a federal securities class action lawsuit against GoHealth, Inc. \u00a0(\u201cGoHealth\u201d or the \u201cCompany\u201d) (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\u2019s July 2020 initial public offering (the \u201cIPO\u201d). 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-the-north-3\/\" 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-383376","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-the-north-3\/\" \/>\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=\"IMPENDING LEAD PLAINTIFF DEADLINE IS THIS FRIDAY, NOVEMBER 20, 2020 NEW YORK and CHICAGO, Nov. 17, 2020 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that it has filed a federal securities class action lawsuit against GoHealth, Inc. \u00a0(\u201cGoHealth\u201d or the \u201cCompany\u201d) (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\u2019s July 2020 initial public offering (the \u201cIPO\u201d). 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-the-north-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T20:31:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzkxNSMzODMyMjcxIzIwMTc2NzI=\" \/>\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=\"3 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-the-north-3\\\/#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-the-north-3\\\/\"},\"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":"IMPENDING LEAD PLAINTIFF DEADLINE IS THIS FRIDAY, NOVEMBER 20, 2020 NEW YORK and CHICAGO, Nov. 17, 2020 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that it has filed a federal securities class action lawsuit against GoHealth, Inc. \u00a0(\u201cGoHealth\u201d or the \u201cCompany\u201d) (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\u2019s July 2020 initial public offering (the \u201cIPO\u201d). Wolf Haldenstein is seeking to pursue remedies under the Securities &hellip; Continue reading \"GOHEALTH, INC. 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