UnitedHealthcare CEO Brian Thompson killed in Midtown Manhattan by masked gunman in December 2024
- Thread starter Guess Who
- Start date
UnitedHealth sued by investors over its response after CEO's killing
UnitedHealth Group is facing a class action lawsuit from investors, who allege the company misled them after the December killing of top executive Brian Thompson.
www.cbsnews.com
UnitedHealth sued by investors over its response after CEO's killing
UnitedHealth Group is being sued by investors who claim the company misled them by allegedly withholding information on how the company was being affected by a backlash prompted by its response to the December killing of top executive Brian Thompson.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."
The complaint described UnitedHealthcare's strategy as "aggressive, anti-consumer tactics." The tactics were becoming "increasingly controversial," the complaint said, especially after the death of former UnitedHealthcare CEO Brian Thompson. Though widely condemned, his killing also triggered an outpouring of public rage over health insurance costs and claims denials.
Following the lower performance forecast, UnitedHealth's stock price sank last month by about $130 in its worst one-day performance in over 25 years.
UnitedHealth CEO leaves abruptly, company pulls forecast as shares sink
UnitedHealth Group (UNH.N), opens new tab said its Chief Executive Andrew Witty resigned as of Tuesday, and the company suspended its annual forecast due to surging medical costs, sending shares plunging nearly 18% to a four-year low.Chairman Stephen Hemsley, 72, who was CEO before stepping down in 2017, will assume the CEO title once again.
Witty chose to leave for personal reasons, the company said, without elaborating. His exit comes only a few weeks after UnitedHealth cut its annual forecast and reported its first earnings miss since the 2008 financial crisis, marking a major setback under Witty's leadership.
Guess Who
Well-known member
UnitedHealth Group revealed it is facing Justice Department criminal and civil investigations over its Medicare billing practices, adding to a string of setbacks for a company that owns America’s largest and most powerful private
insurer.
UnitedHealth facing DOJ investigation over Medicare billing
Takeitfromme
Well-known member
i heard that they were under federal investigation!!!!!!
Cousin Dupree
Like Jesus, live your life to help others.
These companies get a slap on the wrist and people rarely go to prison for it .
Individual people who scam the system are used as a reason to cut Medicare and Medicaid.
Tresir
Well-known member
I have a feeling he may plead guilty to try and avoid the DP. Like the Idaho perp has done. He could maybe use the donated million to make his life in jail comfortable. These idiots think nothing of killing others but are cowards when it comes to themselves.
Guess Who
Well-known member
So the very people that sent it to the prosecution are claiming the prosecution acquired it fraudulently. 
Luigi Mangione's 120-page healthcare history was accidentally shared by Aetna and his own lawyers, prosecutor says
Luigi Mangione's 120-page healthcare history was accidentally shared by Aetna and his own lawyers, prosecutor says
Cousin Dupree
Like Jesus, live your life to help others.
New York man charged with cyberstalking family member of slain UnitedHealthcare CEO
Shane Daley, 40, was arrested on Aug. 13 and charged with cyberstalking, according to the U.S. Attorney's Office.
www.usatoday.com
Tresir
Well-known member
There are really some nutcases out there.New York man charged with cyberstalking family member of slain UnitedHealthcare CEO
Shane Daley, 40, was arrested on Aug. 13 and charged with cyberstalking, according to the U.S. Attorney's Office.www.usatoday.com
GrandmaBear
Deputized Emu Slayer/Horse Thief Hunter
Only five years max for that? Ridiculous.
Cousin Dupree
Like Jesus, live your life to help others.
Killing of UnitedHealthcare CEO has inspired followers, prosecutors say
Federal prosecutors say the man who allegedly killed the UnitedHealthcare chief executive last December has inspired followers, such as the man who killed four people at a the National Football League headquarters last month.
apnews.com
GrandmaBear
Deputized Emu Slayer/Horse Thief Hunter
Unfortunately these are idiots who would have found someone to follow, one way or another.
Killing of UnitedHealthcare CEO has inspired followers, prosecutors say
Federal prosecutors say the man who allegedly killed the UnitedHealthcare chief executive last December has inspired followers, such as the man who killed four people at a the National Football League headquarters last month.
Tresir
Well-known member
Mangione is successful in getting two terrorism charges dropped.
www.the-sun.com
Judge Gregory Carro ruled in the defense's favor of dismissing two charges, including murder in the first degree in furtherance of an act of terrorism and murder in the second degree as a crime of terrorism.
Mangione's team argued the two charges should be tossed because crimes of terrorism as defined in New York State law refer to attacks on multiple civilians, not the shooting of a sole individual.
In his written decision, Judge Carro said that although there is no doubt that the killing was no ordinary street crime, New York law does not consider something terrorism simply because it was motivated by ideology.
"While the defendant was clearly expressing an animus toward UHC, and the healthcare industry generally, it does not follow that his goal was to 'intimidate and coerce a civilian population,' and indeed, there was no evidence presented of such a goal," the judge wrote.
However, the judge did not dismiss Mangione's second-degree murder charge.
The second-degree murder charge carries a potential penalty of 15 years to life in prison, with the possibility of parole after 25 years.
Mangione still faces two separate cases in Pennsylvania and against federal prosecutors, who are seeking the death penalty.
Luigi Mangione's terrorism charges are DROPPED in major win for CEO 'killer'
LUIGI Mangione, the suspect accused of assassinating the CEO of UnitedHealthcare, has scored a legal victory, as rabid supporters erupted in celebration outside the courthouse. Mangione emerged in …
www.the-sun.com
Judge Gregory Carro ruled in the defense's favor of dismissing two charges, including murder in the first degree in furtherance of an act of terrorism and murder in the second degree as a crime of terrorism.
Mangione's team argued the two charges should be tossed because crimes of terrorism as defined in New York State law refer to attacks on multiple civilians, not the shooting of a sole individual.
In his written decision, Judge Carro said that although there is no doubt that the killing was no ordinary street crime, New York law does not consider something terrorism simply because it was motivated by ideology.
"While the defendant was clearly expressing an animus toward UHC, and the healthcare industry generally, it does not follow that his goal was to 'intimidate and coerce a civilian population,' and indeed, there was no evidence presented of such a goal," the judge wrote.
However, the judge did not dismiss Mangione's second-degree murder charge.
The second-degree murder charge carries a potential penalty of 15 years to life in prison, with the possibility of parole after 25 years.
Mangione still faces two separate cases in Pennsylvania and against federal prosecutors, who are seeking the death penalty.
SICK SUPPORTERS
Outside the Lower Manhattan courthouse, sick supporters of Mangione erupted in celebration after learning the top charges against the alleged assassin were dismissed.
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ima.grandma
Believer of Miracles
Let me preface by saying that I believe insurance companies are a hot mess right now and need to be investigated.
That being said and out-of-the-way, I don’t get this second-degree murder charge? Can someone explain? This is a guy who pre-meditated killing a man in the back. I don’t care where he worked, the accused shot a man in the back a killed him. I just don’t get it. What kind of a message does this send to other lunatics out there?
That being said and out-of-the-way, I don’t get this second-degree murder charge? Can someone explain? This is a guy who pre-meditated killing a man in the back. I don’t care where he worked, the accused shot a man in the back a killed him. I just don’t get it. What kind of a message does this send to other lunatics out there?
Guess Who
Well-known member
New York law has only certain conditions for 1st degree and this does not fit it. Pre-meditation is not one of the factors. It has more to do with who was killed.
In New York, a first-degree murder charge, defined under Penal Law § 125.27, requires the prosecutor to prove the defendant intended to cause the death of a person and committed the murder with at least one specific aggravating factor. These aggravating factors include, but are not limited to, murder for hire, murder of a police officer, murder during the commission of another felony, or an intentional murder in furtherance of an act of terrorism. Conviction carries a severe penalty, typically life imprisonment, with the possibility of a judge imposing a sentence of life without parole
So in a case of domestic violence, first degree murder isn't a charge????????
Guess Who
Well-known member
Not unless it fits those criteria, it seems.
Wow. I don't even know what to say!
Guess Who
Well-known member
They don't have death penalty and 2nd degree has possibility of life without parole, so not much difference anyway.