Following the death of its CEO, Brian Thompson, a group of investors filed a lawsuit against UnitedHealthcare Group on Wednesday, claiming the business had deceived them. The health insurance company is accused in the Southern District of New York class action complaint of failing to first modify their 2025 net income forecast to account for the impact of Thompson’s murder on their business operations.
According to the lawsuit, the firm released forecast on December 3, the day before Thompson was shot and killed, which included net earnings of $28.15 to $28.65 per share and adjusted net earnings of $29.50 to $30.00 per share. Additionally, the business declared on January 16 that it will continue to use its previous projection.
The investors characterised this as “materially false and misleading,” citing the intense public scrutiny that followed Thompson’s murder for both the firm and the larger health insurance sector.
The organisation, which is requesting undisclosed damages, claimed that the firm could not pursue “the aggressive, anti-consumer tactics that it would need to achieve” its revenue targets because of the public outcry. According to the lawsuit, the Company doubled back on its previously given recommendations in a wilfully irresponsible manner.
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