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BlackRock is Suing UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered (medium.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[-] [email protected] 28 points 3 days ago

So this article cites a CBS news article which says:

"In the proposed class action lawsuit filed Wednesday in the Southern District of New York, investor Roberto Faller alleges UnitedHealth "artificially inflated prices" when the company initially forecast earnings per share of $29.50 to $30 in December. UnitedHealth then reaffirmed that outlook in January, despite mounting a backlash following an October Senate report on its high rate of claim denials and, later, the December killing of its CEO.

Faller's complaint comes after UnitedHealth cut its 2025 forecast for adjusted profit per share to a lower range between $26 to $26.50.

Attorneys argued that the company's statements on performance expectations last year and earlier this year were "materially false and misleading" because UnitedHealth didn't tell shareholders "it would have to adjust its strategy, which resulted in heightened denials compared to industry competitors.""

So I guess it's okay to just completely lie now, huh?

[-] [email protected] 8 points 3 days ago

The judge in court listening to this from the lawyere: sigh.

this post was submitted on 26 May 2025

1048 points (98.9% liked)

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