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UnitedHealthcare sued by shareholders over reaction to CEO's killing
https://www.nbcnews.com/business/business-news/unitedhealthcare-sued-shareholders-reaction-ceos-killing-rcna205550A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson.
The lawsuit in U.S. District Court for the Southern District of New York, which seeks class action status, accuses the health insurance company of not initially adjusting its 2025 net earnings outlook to factor in how Thompson's killing would affect its operations.
(snip)
The group, which seeks unspecified damages, argues that the public backlash prevented the company from pursuing "the aggressive, anti-consumer tactics that it would need to achieve" its earnings goals.
"As such, the Company was deliberately reckless in doubling down on its previously issued guidance," the suit reads.
The lawsuit in U.S. District Court for the Southern District of New York, which seeks class action status, accuses the health insurance company of not initially adjusting its 2025 net earnings outlook to factor in how Thompson's killing would affect its operations.
(snip)
The group, which seeks unspecified damages, argues that the public backlash prevented the company from pursuing "the aggressive, anti-consumer tactics that it would need to achieve" its earnings goals.
"As such, the Company was deliberately reckless in doubling down on its previously issued guidance," the suit reads.
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