SelectQuote Inc. beat allegations that it inflated revenue figures and the level of training its insurance sales staff received after a judge ruled to toss the case, leaving an opportunity to amend the complaint.
The online insurance broker was allowed to include in its current revenue expected revenue from services it would deliver in the future, reflected through “persistency ratios” that investors had alleged were overstated, according to the order filed Monday in US District Court for the Southern District of New York.
Shareholders’ allegations that company insiders traded stock on nonpublic information was “confusing” as to which specific information ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.