UnitedHealth Group is sued by investors who claim the company misleads the company by allegedly withheld the reaction about how the company was opposed to it. Killing Senior Chief Executive Brian Thompson in December.
In a class action lawsuit filed Wednesday in the southern New York area, investor Roberto Faller claimed United Health “artificially inflated prices,” when the company initially forecasts earnings per share in December of $29.50 to $30. UN Health then reiterated its January outlook, despite strong opposition after the Senate’s high coverage of its high claim rejection rate in October. Kill its CEO in December.
Faller's complaint comes after UnitedHealth's 2025 forecast for lowering its 2025 adjusted profit per share to between $26 and $26.50.
Attorneys believe the company’s statement of performance expectations last year was “substantially wrong and misleading” earlier this year, as UnitedHealth did not tell shareholders that “it had to adjust its strategy, which led to a stronger rejection compared to industry competitors.”
The complaint describes UnitedHealthcare's strategy as a "active anti-consumer strategy." The complaint says these strategies are becoming increasingly controversial. ” Brian Thompson, former CEO of UnitedHealthcare. Despite widespread condemnation, his killings have also sparked fierce anger over health insurance costs and denials of claims.
Following lower performance forecasts, UnitedHealth The stock price sank last month Its worst day performance was about $130 in more than 25 years.
"The extent of the decline on April 17, 2025 dropped the Dow Jones industrial average by 1.3%," the attorney in the complaint said in the complaint.
"Due to the defendant's wrongdoing and omissions, as well as the sharp decline in the market value of the company's securities, plaintiffs and other class members," the complaint said.
The complaint requires the judge to prove it as a proper class action lawsuit, seeking unspecified damages for United Health investors from December 3, 2025, between December 3, 2024 and April 16, 2025. Investors also appointed CEO Andrew Witty and CFO John Rex as joint air defenses in the complaint.
CBS News has contacted UnitedHealth Group but has no immediate comment.