SelectQuote Class Action Lawsuit (SLQT)
One of the longest active class periods — nearly five years. The allegation is that a company marketing itself as "unbiased" steered customers toward the highest-commission plans.
Active litigation. There is no claim form and no payout yet.
| Company | SelectQuote, Inc. (NYSE: SLQT) |
|---|---|
| Case | Pahlkotter v. SelectQuote, Inc., et al., No. 25-cv-06620 |
| Court | US District Court, Southern District of New York |
| Class period | 9 September 2020 – 1 May 2025 |
| Claims | §10(b) and §20(a), Securities Exchange Act of 1934 |
| Lead plaintiff deadline | 10 October 2025 — passed, and it does not affect your recovery |
| Can you file a claim? | Not yet. Realistically 2029 or later if the case settles. |
Shareholders who bought SLQT stock — this page. Recovery, if any, goes to investors.
Medicare beneficiaries who used SelectQuote and believe they were steered into the wrong plan — this securities case does not compensate you. Your practical remedy is usually a Special Enrollment Period rather than litigation. Contact 1-800-MEDICARE or your State Health Insurance Assistance Program.
Who the securities case covers
Anyone who purchased or acquired SelectQuote securities between 9 September 2020 and 1 May 2025, inclusive.
At nearly five years, this is one of the longest class periods among currently active securities cases — it begins shortly after SelectQuote's 2020 IPO year and runs almost to the present. If you have held SLQT at any point in the last half-decade, check your records.
What the case alleges
SelectQuote operates as an insurance distribution platform, marketing itself to consumers as a neutral guide through Medicare Advantage and related products. The complaint alleges that while the company publicly promoted its service as offering "unbiased advice" and "neutral plan comparisons," it in fact steered customers toward plans from the insurers paying the highest commissions — and that SelectQuote and certain executives failed to disclose this to investors, in violation of federal securities law.
Allegations only. The company denies wrongdoing and the case has not been tested on a motion to dismiss.
The structural problem underneath the case
An insurance broker's revenue comes from carrier commissions, and those commissions differ by plan. A business that markets itself on neutrality while being paid differentially by the products it recommends has a conflict built into its revenue model, not bolted onto it. The securities claim is essentially that the gap between the marketing promise and the economic reality was material to investors — because a business whose growth depends on commission optimisation carries regulatory and reputational risk that a genuinely neutral advisory business does not.
That framing tends to survive dismissal more often than a pure stock-drop case, because the alleged misstatements are concrete, repeated, consumer-facing claims ("unbiased," "neutral") rather than forward-looking optimism — and forward-looking-statement protections do not shield statements of present fact.
What to do now
- ✓Preserve your SLQT trade confirmations back to September 2020. This case makes it urgent: the class period opens nearly six years ago, and standard brokerage retention is around seven years. By the time a claim form exists, your earliest confirmations may be gone. Download them now.
- ✓Nothing else is required. Opt-out class; no cost, no signup, no retainer.
- ✓Set an alert for the claim window.
Frequently Asked Questions
I missed the 10 October 2025 deadline.
It does not affect your recovery. That deadline decided only who directs the litigation.
The press releases say "losses in excess of $100,000." I lost far less.
That is a lead plaintiff screening threshold used by law firms. There is no minimum to be a class member or to receive a pro rata payment from a settlement.
I bought at the 2020 IPO. Am I covered?
The class period begins 9 September 2020, so it depends on your purchase date. Note also that IPO-related claims under the Securities Act of 1933 are a different cause of action with different rules and a shorter limitation period; this case is pleaded under the 1934 Act.
I used SelectQuote to pick a Medicare plan. Do I get money from this?
No. This case compensates shareholders for stock losses. See the note at the top of this page for the consumer route.
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