Benefytt Technologies Inc. investors can move ahead with an $11 million settlement resolving allegations the company misled them about deceptive sales after a federal judge in Florida granted preliminary approval.
The settlement “represents a substantial recovery,” investors in the company formerly known as Health Insurance Innovations Inc. told the U.S. District Court for the Middle District of Florida. Judge William F. Jung preliminarily approved the settlement Thursday.
The investors accused Benefytt of misleading them about deceptive sales of health plans that didn’t comply with the Affordable Care Act. Jung certified the class in August, and the investors in September asked ...
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.