Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Business

UnitedHealthcare sued by shareholders over reaction to CEO’s killing

by admin May 8, 2025
May 8, 2025
UnitedHealthcare sued by shareholders over reaction to CEO’s killing

A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson.

The class action lawsuit — filed in the Southern District of New York — accuses the health insurance company of not initially adjusting their 2025 net earning outlook to factor in how Thompson’s killing would affect their operations.

On Dec. 3 — a day before Thompson was fatally shot — the company issued guidance that included net earnings of $28.15 to $28.65 per share and adjusted net earnings of $29.50 to $30.00 per share, the suit notes. And on January 16, the company announced that it was sticking with its old forecast.

The investors described this as “materially false and misleading,” pointing to the immense public scrutiny the company and the broader health insurance industry experienced in the wake of Thompson’s killing.

The group, which is seeking unspecified damages, argued 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 company eventually revised its 2025 outlook on April 17, citing a needed shift in corporate strategy — a move that caused its stock to drop more than 22% that day.

‘The company denies any allegations of wrongdoing and intends to defend the matter vigorously,’ a UnitedHealthcare spokesperson said in a statement.

Thompson’s fatal shooting on the streets of New York City in broad daylight sent shockwaves across the nation.

Luigi Mangione, the 27-year-old man accused of the killing, has pleaded not guilty to federal and state charges against him. The legal defense fund for Mangione surpassed the $1 million mark in donations on Tuesday.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
RETRANSMISSION: Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar
next post
GOP senators: Congress should vote on Trump’s potential Iran nuclear deal

You may also like

NFL-backed group lines up ‘Sunday Ticket’ streaming for...

65-year-old quit his job and emptied his life...

Abercrombie expects a strong holiday quarter as growth...

Google says U.S. faces a power capacity crisis...

Bad economic news has been good for stocks,...

Trump Media stock erases all gains since it...

Starbucks union announces strike to last through Christmas...

Oscar Mayer is launching a plant-based hot dog

Target launches paid membership program as it chases...

Under Armour is laying off workers as retailer...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House highlights over $2B in savings from DEI cuts during Trump...

    • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

    • Trump considers tax hike on Americans making $2.5 million or more per year

    • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal

    Categories

    • Business (1,632)
    • Investing (4,776)
    • Politics (7,544)
    • Uncategorized (2)
    • World (6,130)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top