Final judgment and order in the consolidated Health Insurance Innovations Securities Litigation was entered approving a $2.8 million recovery  for investors.

The Hon. Thomas P. Barber, United States District Court Judge for the Middle District of Florida, entered an Order preliminarily approving a $2,800,000 class action settlement on behalf of all Persons or entities who purchased or otherwise acquired HIIQ publicly-traded securities between August 4, 2017 and September 11, 2017, inclusive.

The Hon. Elizabeth A. Kovachevich denied Defendant Health Insurance Innovations’ motion to dismiss, in part. Judge Kovachevich found Lead Plaintiff’s allegations that the company’s 2017 10-Q Second Quarter Report was misleading because it (i) conveyed the false impression that HII would not need a third party administrator (“TPA”) license to conduct its third-party insurance business in its home state of Florida and, (ii) misrepresented the reasons that the Florida Office of Insurance Regulation denied its application for a TPA license well plead.

The Hon. Elizabeth A. Kovachevich, the United States District Judge for the Middle District of Florida, ordered KSF’s appointment as lead counsel for the class in Kavra v. Health Insurance Innovations, Inc. et al.