3070 Bristol Pike, Suite 112, Bensalem, PA 19020
Call Us: (215) 638-4847 |
Fax: (215) 638-4867
Press Release
hsmith@howardsmithlaw.comThis investigation is for anyone who acquired securities in Goosehead Insurance, Inc. (NASDAQ: GSHD) prior to November 9, 2026.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company complied with Generally Accepted Accounting Principles, but then by not adhering to those principles.
On November 9, 2026, Goosehead disclosed that “management determined that its historical accounting for certain costs to obtain customer contracts did not conform to GAAP. Concurrently with this evaluation, management initiated a comprehensive review of its broader accounting policies. Through this process, management identified an additional departure from GAAP in the presentation of certain fees charged to franchisees, consisting of technology-related fees and fees for participation in the Company’s errors and omissions (“E&O”) insurance program.” As a result, the Company’s “previously issued financial statements should no longer be relied upon and should be restated.” This restatement will impact financial statements spanning from the fiscal year ended December 31, 2023, to the quarter ended June 30, 2026. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Goosehead Insurance, Inc. (NASDAQ: GSHD) prior to November 9, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Copyright © 2026 The Law Offices of Howard G. Smith. All Rights Reserved.