Lawsuit filed for Investors who lost money with shares of UnitedHealth Group Incorporated (NYSE: UNH)

An investor, who purchased shares of UnitedHealth Group Incorporated (NYSE: UNH), filed a lawsuit over alleged violations of Federal Securities Laws by UnitedHealth Group Incorporated in connection with certain allegedly false and misleading statements.

Investors who purchased shares of UnitedHealth Group Incorporated (NYSE: UNH) have certain options and for certain investors are short and strict deadlines running. Deadline: July 15, 2024. NYSE: UNH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Minnetonka, MN based UnitedHealth Group Incorporated is an American multinational health insurance and services company comprised of two distinct and complementary businesses: Optum and UnitedHealthcare. UnitedHealthcare provides health insurance to individuals, employers, and small businesses and is the largest insurance provider in the United States. Optum provides healthcare-related services, including software solutions, payment services, and data analytics.

On January 6, 2021, UnitedHealth Group Incorporated announced an agreement to acquire Change Healthcare ("Change") and integrate it into its Optum business. Change is a healthcare technology company that provides data solutions aimed at improving clinical decision making and simplifying payment processes across the healthcare system.

On February 24, 2022, the U.S. Department of Justice ("DOJ") filed a lawsuit challenging UnitedHealth's acquisition of Change. The DOJ alleged that the proposed acquisition would violate antitrust laws because the integration of Change and Optum would give UnitedHealth unparalleled access to information regarding nearly every health insurer, as well as health data on every single American. Ultimately, the court in the DOJ action permitted the acquisition, repeatedly crediting UnitedHealth's firewall policy and commitment to preventing the sharing of data between UnitedHealthcare and Optum as the rationale for allowing the deal to proceed.

Then on February 27, 2024, when the Wall Street Journal reported that the DOJ had re-opened its antitrust investigation into UnitedHealth Group Incorporated. In that article, the public learned for the first time that the DOJ was investigating the relationships between the Company's various segments, including Optum.

Shares of UnitedHealth Group Incorporated (NYSE: UNH) declined from $554.70 per share on December 01, 2023, to as low as $468.19 per share on March 06, 2024.

The plaintiff claims that between March 14, 2022, and February 27, 2024, the UnitedHealth Group Incorporated repeatedly assured investors that it had taken steps to avoid anti-competitive behavior, including by setting up "robust firewall processes" to prevent customer sensitive information ("CSI") from being shared between UnitedHealthcare and Optum after the merger, that UnitedHealth Group Incorporated explicitly stated that Optum "invests extraordinary time, money, and resources into safeguarding [CSI] and keeping it walled off from UnitedHealthcare" and that "UnitedHealth Group's existing firewalls and data-security policies prohibit employees from improperly sharing external-customer CSI", and that as a result of these misrepresentations, UnitedHealth Group Incorporated stock traded at artificially inflated prices between March 14, 2022, and February 27, 2024.

Those who purchased shares of UnitedHealth Group Incorporated (NYSE: UNH) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.