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UnitedHealth Shareholders Sue Over Alleged Cyber, Earnings and Governance Failures

UnitedHealth logoUnitedHealth
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UnitedHealth faces a shareholder lawsuit from Länsförsäkringar Fondförvaltning AB and Rhode Island pension fund, alleging negligence and malfeasance, including ignoring cybersecurity flaws, manipulating earnings, and concealing misconduct tied to Medicare fraud. The complaint also claims the company used $29B buybacks to support its share price and updates Aug. 7 add details on the Feb. 2024 Change Healthcare data breach.

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