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0 0 -0.0177364864864864 -0.0177364864864864 0.00591216216216219 0.00591216216216219 0.0425084459459461 0.00929054054054064
Stock impact report

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against MediaAlpha, Inc. (MAX)

MediaAlpha, Inc. Class A (MAX) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against MediaAlpha, Inc. (“MediaAlpha” or the “Company”) (NYSE: MAX) The investigation concerns whether MediaAlpha and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.[Click here to learn more about the investigation]On November 4, 2024, MediaAlpha disclosed that it had received a letter from the Federal Trade Commission (“FTC”) staff stating that the FTC Staff is “prepared to recommend the filing of a complaint against the Company,” claiming that MediaAlpha falsely “represented itself as affiliated with government entities, made misleading claims (in particular regarding health insurance products and use of consumers’ personal information) and utilized deceptive advertising.” On this news, the price of MediaAlpha shares declined by $4.46 per share, or approximately 27.7%, from $16.08 per share on November 4, 2024 Show less Read more
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