SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

February 06, 2015 16:00 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in eHealth, Inc. (EHTH) to Contact the Firm

NEW YORK, NY--(Marketwired - February 06, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in eHealth, Inc. ("eHealth" or the "Company") (NASDAQ: EHTH) of the March 27, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against eHealth and certain officers of the Company.

A complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons who purchased eHealth common stock between October 31, 2014 and January 14, 2015 (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, eHealth issued false and misleading statements regarding the Company's true financial condition and prospects.

On January 14, 2015, eHealth announced that it was lowering its fiscal 2014 revenue guidance, attributing the revision in part to lower than expected applications for its Individual & Family Plan.

Following this news, the price of the Company's stock declined by $11.38 per share, or nearly 55%, to close on January 15, 2015 at $9.42 per share.

Request more information now by clicking here: www.faruqilaw.com/EHTH. There is no cost or obligation to you.

Take Action

If you invested in eHealth common stock or options between October 31, 2014 and January 14, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/EHTH. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding eHealth's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330