MediaAlpha, Inc. (MAX) Investigation: Bronstein, Gewirtz &

NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) — Attorney Advertising – Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MediaAlpha, Inc. (“MediaAlpha” or “the Company”) (NYSE: MAX). Investors who purchased securities of MediaAlpha are encouraged to obtain additional information and assist in the investigation by visiting the Company’s website: bgandg.com/MAX.

Examination details

On June 24, 2024, Wolfpack Research published an article titled “MAX: Our Investigation Shows MAX Is Engaged in Consumer Fraud.” The article stated that the company is “shorting insurance lead generator MediaAlpha, Inc. (NYSE: MAX) based on our investigation into the company’s (health insurance) segment” and that it believes “(MediaAlpha) uses dishonest and sometimes downright fraudulent advertisements as well as misleading websites to trick consumers into giving up their personal information in exchange for a health insurance ‘offer.’ (MediaAlpha) then sells this information as raw lead data or uses it to generate clicks or calls for its lead buying partners.” Our research shows that up to 78% of (MediaAlpha’s) health insurance lead buying partners are engaging in boiler room-style scams or blatantly violating telemarketing laws.” Following this news, MediaAlpha stock fell 5.3% on June 24, 2024 and 6.8% on June 25, 2024.

What’s next?

If you are aware of facts relating to this investigation or the purchase of MediaAlpha securities, you may assist this investigation by visiting the firm’s website: bgandg.com/MAX. You may also contact Peretz Bronstein or his account manager Nathan Miller of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There are no costs for you

We represent investors in class action lawsuits on a contingency basis, meaning we ask the court to reimburse us for our expenses and attorney fees (usually a percentage of the total award) only if we win.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Past results do not guarantee similar results.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]