Verizon Communications Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Price
Delayed
$50.18
Day's Change
-0.61 (-1.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
50.73
Day's Low
50.15
Volume
(Average)

Today's volume of 8,873,725 shares is on pace to be in-line with VZ's 10-day average volume of 24,901,801 shares.

8,873,725

SLQT DEADLINE ALERT: Hagens Berman Notifies SelectQuote (SLQT) Investors of Today's Lead Plaintiff Deadline in Securities Fraud Class Action, Encourages Investors with $150K+ Losses to Contact Firm's Attorneys Now

9:30 am ET October 15, 2021 (Accesswire) Print

SAN FRANCISCO, CA / ACCESSWIRE / October 15, 2021 / Hagens Berman urges SelectQuote, Inc. (NYSE:SLQT) investors with significant losses to submit your losses now.

Class Period: May 20, 2020 - Aug. 25, 2021Lead Plaintiff Deadline: Oct. 15, 2021Visit: www.hbsslaw.com/investor-fraud/SLQTContact An Attorney Now: SLQT@hbsslaw.com844-916-0895

SelectQuote, Inc. (SLQT) Securities Fraud Class Action:

SelectQuote is a direct-to-consumer distribution platform that offers complex senior health, life, and auto & home insurance policies from a curated panel of insurance carriers. A significant majority of the policies SelectQuote sells are Medicare Advantage and Medicare Supplement policies, which are grouped by their effective date into yearly cohorts.

The action alleges that, throughout the Class Period, Defendants made false and misleading statements regarding the rapid policy disenrollment it had been experiencing, and as a result the Company's reported revenues, earnings, accounts receivable, and lifetime value of commissions per approved policy were improperly inflated.

The truth emerged through a series of partial disclosures beginning on May 11, 2021, when SelectQuote disclosed its Q4 2020 financial reports would be impacted by a negative cohort and tail adjustments, which management attributed to the Medicare Advantage Open Enrollment Period ("OEP") and increased "switching activity."

Then, on Aug. 25, 2021, SelectQuote revealed that lack of policy renewals affected both the 2019 and 2020 cohorts, and it would include a $65 million placeholder for the risk of additional cohort tail adjustment for the following year.

These events sent the price of SelectQuote shares crashing lower.

If you invested in SelectQuote and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding SelectQuote should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email SLQT@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:Reed Kathrein844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com: https://www.accesswire.com/668284/SLQT-DEADLINE-ALERT-Hagens-Berman-Notifies-SelectQuote-SLQT-Investors-of-Todays-Lead-Plaintiff-Deadline-in-Securities-Fraud-Class-Action-Encourages-Investors-with-150K-Losses-to-Contact-Firms-Attorneys-Now

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COMTEX_395264713/2457/2021-10-15T09:30:15

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