WELCOME TO THE EVERQUOTE SECURITIES LITIGATION WEBSITE

This website has been established to provide general information related to the proposed settlement of the lawsuit referred to as In re Everquote Inc. Securities Litigation, Index No.65177/2019 (the “Litigation”) which is pending before the Honorable Andrew Borrok in the Supreme Court of the State of New York, County of New York: Commerical Division (the “Court”). The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") filed February 6, 2020, which can be found and downloaded by clicking on the Case Documents tab above.

The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Settlement Class Members. You will not be charged for these lawyers. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. If you want to be represented by your own lawyer, you may hire one at your own expense.

WHAT IS THIS LAWSUIT ABOUT?

This is a consolidated securities class action brought against EverQuote, Inc. ("EverQuote" or "Company") and certain of its officers and directors (collectively, "Defendants") for alleged violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 on behalf of all who purchased or otherwise acquired Everquote common stock pursuant or traceable to the Company's Registration Statement and Prospectus issued in connection with EverQuote's June 2018 initial public offering ("IPO" or "June 2018 IPO").  Plaintiffs Sean F. Townsend and Mark Townsend allege Defendants violated the Securities Act by reason of material misrepresentations and omissions in the Registration Statement and Prospectus for EverQuote’s IPO. Specifically, Plaintiffs allege that the Registration Statement and Prospectus included untrue material statements about, and failed to disclose material information regarding EverQuote’s lone source of revenue at the time of the IPO. Plaintiffs also allege that EverQuote was purposely moderating quote requests as of the IPO, while the Registration Statement stated that EverQuote’s plan as of the IPO was to continue increasing quote requests. 

If you purchased or otherwise acquired EverQuote common stock pursuant or traceable to the Company's IPO, you are a Settlement Class Member. Settlement Class Members also include any Person purporting to assert a claim on behalf of any Settlement Class Member, or asserting a claim based on a purchase or acquisition of EverQuote common stock made by any Settlement Class Member. Excluded from the Settlement Class are Defendants, the officers and directors of EverQuote (at all relevant times), members of their immediate families, and their legal representatives, heirs, successors or assigns, and any entity in which any Defendant has a controlling interest. For avoidance of doubt, Investment Vehicles are not excluded from the Settlement Class solely because they are, or are managed by, affiliates or subsidiaries of a Defendant. However, to the extent that any Defendant or any entity that might be deemed to be an affiliate or subsidiary thereof (i) managed or advised, and (ii) directly or indirectly held a beneficial interest in, said Investment Vehicle during the Settlement Class Period, that beneficial interest in the Investment Vehicle is excluded from the Settlement Class. Also excluded from the Settlement Class are those Persons who would otherwise be Settlement Class Members but who timely and validly exclude themselves therefrom.

WHAT DOES THE SETTLEMENT PROVIDE?

The proposed Settlement will create a cash settlement fund of $4,750,000 (the “Settlement Fund”), plus any interest that may accrue thereon less certain deductions.

The Settlement Fund, subject to deduction for, among other things, costs of class notice and administration and certain taxes and tax-related expenses, as well as attorneys’ fees and expenses, and the amount to Plaintiffs in connection with their representation of the Class, as approved by the Court, will be available for distribution to Settlement Class Members. Your recovery from this fund will depend on a number of variables, including how many shares of EverQuote common stock you purchased or acquired, the timing of your purchases, acquisitions, and any sales, and how many other Settlement Class Members make claims. 

ADDITIONAL INFORMATION

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

IMPORTANT DATES AND DEADLINES