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This lawsuit is for anyone who acquired securities in UnitedHealth Group Incorporated (NYSE: UNH) from March 14, 2022 through February 27, 2024.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company would create an adequate firewall to separate the exchange of client information between Charge and Optum, but then by failing to create an adequate firewall.
On February 26, 2024, The Wall Street Journal reported that the U.S. Department of Justice had launched an investigation into UnitedHealth, examining relationships between the Company’s UnitedHealthcare insurance unit and its Optum health-services arm, which owns physician groups, among other assets. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in UnitedHealth Group Incorporated (NYSE: UNH) from March 14, 2022 through February 27, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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