Unitedhealth sued after the death of the CEO for fraud

The Unitedhealth Group UNH.N was allegedly hidden on Wednesday how the setbacks damaged its business by murdering a top executive, which led to the fact that the inventory of falling after the insurer reduced its outlook from 2025.

In a proposed class action, which was submitted to the Federal Court of Manhattan, the shareholders said that after the shooting of the board of Unitedhealthcare, Brian Thompson, the insurer had deepened from December 4th of December 4 by lending strategies that led to above -average damage, without revealing the effects on profitability.

The Unitedhealth stocks fell by 22.4% on April 17 and deleted a market value of around 119 billion US dollars after the insurer reduced its forecast in 2025 for adjusted profit per share to $ 29.50 and $ 30.

The insurer led higher costs in his Medicare business. It had published the old forecast the day before Thompson's death.

The shareholders said that Unitedhealth had previously inflated his share price by ruthlessly capturing his old forecast, even as the increasing public anger and a report by the US Senate report on claims that it became more patient.

Unitedhealth had no immediate comment. The insurer has offices in Eden Prairie, Minnesota and Washington, DC

The lawsuit on Wednesday will not be determined from April 3, 2024 and April 16, 2025 and April 16, 2025. The managing director Andrew Witty and Chief Financial Officer John Rex are also accused.

Luigi Mangione has not guilty that he has murdered Thompson in Midtown Manhattan and could face the death penalty.

Mangione has become a hero for some Americans who are dissatisfied with non -profit health insurers who refuse to report on treatments.

The case is Faller against Unitedhealth Group Inc et al., US district court, Southern District of New York, No. 25-03799.

Reporting by Jonathan Stempel in New York; Processing of Chizu Nomiyama

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