Since the news broke, SelectQuote's stock price has continued to fall, highlighting the significant impact of the DOJ and class action lawsuits on the company's value. What is a Securities Class Action Lawsuit? A securities class action lawsuit is a legal proceeding brought on behalf of a group of investors who have been harmed by a company's alleged misrepresentations or fraudulent actions. In this case, the lawsuit alleges that SelectQuote and certain executives misled investors about its business practices, causing financial losses when the truth was revealed. If you are an investor who purchased or acquired SelectQuote securities between September 9, 2020, and May 1, 2025, and suffered losses you may be eligible to actively participate in this lawsuit.