Legal Issues Loom for MediaAlpha, Investors Allege Violations
LOS ANGELES, Jan. 3, 2025 /PRNewswire/ — The Law Offices of Frank R. Cruz is examining MediaAlpha, Inc. (“MediaAlpha” or the “Company”) MAX on behalf of investors regarding potential violations of federal securities laws.
Shareholders who have experienced losses are invited to participate by clicking here.
On November 4, 2024, MediaAlpha revealed that it had received a letter from the Federal Trade Commission (“FTC”) staff, which stated they were “prepared to recommend the filing of a complaint against the Company.” The letter alleged that MediaAlpha acted improperly by falsely claiming affiliations with government entities, making misleading statements, particularly about health insurance products, and employing deceptive advertising practices.
Following this announcement, MediaAlpha’s stock price dropped $4.46, a decline of 27.7%, ending at $11.62 per share on November 5, 2024. This decline significantly affected investors’ positions.
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If you have purchased MediaAlpha securities, possess information, or wish to know more about these claims or your rights, please contact Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067, by calling 310-914-5007, emailing info@frankcruzlaw.com, or visiting our website at www.frankcruzlaw.com. When inquiring by email, please provide your mailing address, phone number, and the number of shares you purchased.
Note: This press release may be considered Attorney Advertising in certain jurisdictions under applicable law and ethical guidelines.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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