UnitedHealth sued by shareholders over its reaction to backlash from executive’s killing By Reuters

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UnitedHealth sued by shareholders over its reaction to backlash from executive’s killing By Reuters

By Jonathan StempelNEW YORK (Reuters) -UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook.In a proposed class action filed in Manhattan federal court, shareholders said the insurer defrauded them after the December 4 shooting of UnitedHealthcare Chief Executive Brian Thompson by shifting away from strategies that led to higher-than-average claims denials, without revealing the impact on profitability.UnitedHealth shares fell 22.4% on April 17, wiping out about $119 billion of market value, after the insurer cut ..