{"success":true,"data":{"pressRelease":{"id":"53642","rtpr_id":"nGNXbNgVYj","ticker":"MAX","exchange":"NYSE","all_tickers":["MAX"],"title":"Johnson Fistel Investigates MediaAlpha, Inc. (MAX) Directors for Potential Breaches of Fiduciary Duty","author":"Globe Newswire","published_at":"2026-06-03T12:07:01.104Z","article_body":"SAN DIEGO, June 03, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm\nJohnson Fistel, PLLP is investigating claims on behalf of MediaAlpha, Inc.\n(NYSE: MAX) concerning whether the officers and directors breached their\nfiduciary duties to the Company and its shareholders.\n\nWhat Should MediaAlpha Shareholders Do?\nCurrent, long-term MediaAlpha shareholders may have legal rights and are\nencouraged to contact Johnson Fistel to discuss the investigation and their\noptions. There is no cost or obligation to participate. For more information,\nplease visit:\n\nhttps://www.johnsonfistel.com/investigations/mediaalpha-inc/\n\nShareholders may also contact lead analyst Jim Baker at jimb@johnsonfistel.com\nor (619) 814-4471.\n\nBackground of the Investigation\nIn November 2024, MediaAlpha disclosed that it had received notice from the\nFederal Trade Commission that it was prepared to file a complaint against the\nCompany alleging violations of Section 5(a) of the FTC Act, the Telemarketing\nSales Rule, and the Government and Business Impersonation Rule. MediaAlpha\nfurther disclosed that the FTC alleged, among other things, that the Company\nrepresented itself as affiliated with government entities, made misleading\nclaims regarding health insurance products and the Company’s use of\nconsumers’ personal information, and utilized deceptive advertising in\nconnection with its lead-generation and telemarketing activities.\n\nMediaAlpha later settled with the FTC. Under the terms of the settlement,\nMediaAlpha agreed to pay $45 million and to implement additional compliance\nprocedures and other restrictions concerning its advertising, marketing, and\nlead-generation practices.\n\nJohnson Fistel’s investigation concerns whether MediaAlpha’s board of\ndirectors and senior management breached their fiduciary duties to MediaAlpha\nshareholders in connection with the FTC investigation and settlement,\nincluding certain insider stock sales during the pendency of the FTC matter.\n\nAbout Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investor Rights\nJohnson Fistel, PLLP is a nationally recognized shareholder rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities-related matters and also represents foreign investors who have\npurchased securities on U.S. exchanges.\n\nAttorney advertising.\nPast results do not guarantee future outcomes.\nServices may be performed by attorneys in any of our offices.\nJohnson Fistel, PLLP has paid for the dissemination of this promotional\ncommunication, and Frank J. Johnson is the attorney responsible for its\ncontent.\n\nContact:\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations or Frank J. Johnson, Esq.\n(619) 814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbNgVYj","title":"Johnson Fistel Investigates MediaAlpha, Inc. (MAX) Directors for Potential Breaches of Fiduciary Duty","author":"Globe Newswire","ticker":"MAX","created":"2026-06-03T12:07:01.104Z","tickers":["MAX"],"exchange":"NYSE","article_body":"SAN DIEGO, June 03, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm\nJohnson Fistel, PLLP is investigating claims on behalf of MediaAlpha, Inc.\n(NYSE: MAX) concerning whether the officers and directors breached their\nfiduciary duties to the Company and its shareholders.\n\nWhat Should MediaAlpha Shareholders Do?\nCurrent, long-term MediaAlpha shareholders may have legal rights and are\nencouraged to contact Johnson Fistel to discuss the investigation and their\noptions. There is no cost or obligation to participate. For more information,\nplease visit:\n\nhttps://www.johnsonfistel.com/investigations/mediaalpha-inc/\n\nShareholders may also contact lead analyst Jim Baker at jimb@johnsonfistel.com\nor (619) 814-4471.\n\nBackground of the Investigation\nIn November 2024, MediaAlpha disclosed that it had received notice from the\nFederal Trade Commission that it was prepared to file a complaint against the\nCompany alleging violations of Section 5(a) of the FTC Act, the Telemarketing\nSales Rule, and the Government and Business Impersonation Rule. MediaAlpha\nfurther disclosed that the FTC alleged, among other things, that the Company\nrepresented itself as affiliated with government entities, made misleading\nclaims regarding health insurance products and the Company’s use of\nconsumers’ personal information, and utilized deceptive advertising in\nconnection with its lead-generation and telemarketing activities.\n\nMediaAlpha later settled with the FTC. Under the terms of the settlement,\nMediaAlpha agreed to pay $45 million and to implement additional compliance\nprocedures and other restrictions concerning its advertising, marketing, and\nlead-generation practices.\n\nJohnson Fistel’s investigation concerns whether MediaAlpha’s board of\ndirectors and senior management breached their fiduciary duties to MediaAlpha\nshareholders in connection with the FTC investigation and settlement,\nincluding certain insider stock sales during the pendency of the FTC matter.\n\nAbout Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investor Rights\nJohnson Fistel, PLLP is a nationally recognized shareholder rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities-related matters and also represents foreign investors who have\npurchased securities on U.S. exchanges.\n\nAttorney advertising.\nPast results do not guarantee future outcomes.\nServices may be performed by attorneys in any of our offices.\nJohnson Fistel, PLLP has paid for the dissemination of this promotional\ncommunication, and Frank J. Johnson is the attorney responsible for its\ncontent.\n\nContact:\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations or Frank J. Johnson, Esq.\n(619) 814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-03T12:07:01.166084135Z","server_sent_at_ms":1780488421166},"received_at":"2026-06-03T12:07:01.227Z","source_url":null},"analysis":{"id":"43070","press_release_id":"53642","analysis_json":{"industry":{"label":"Interactive Media & Services","sector":"Communication Services"},"redFlags":[],"eventType":"legal_litigation","narrative":"Johnson Fistel issued a shareholder-solicitation notice naming MediaAlpha (MAX); no new disclosure from the company itself.\n\nThe release is a routine lead-plaintiff-deadline reminder soliciting investors with losses to contact the firm on a contingency basis.\n\nThis is law-firm marketing, not an issuer disclosure or a court action; treat as low-signal noise.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"ftc_settlement_amount":45000000}},"quotedText":"Current, long-term MediaAlpha shareholders may have legal rights and are encouraged to contact Johnson Fistel to discuss the investigation and their options.","namedEntities":{"people":[{"name":"Jim Baker","role":"lead analyst"},{"name":"Frank J. 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