No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Legal

UnitedHealth Lawsuit by Shareholders Will Only Encourage More Deaths

by TheAdviserMagazine
6 months ago
in Legal
Reading Time: 4 mins read
A A
UnitedHealth Lawsuit by Shareholders Will Only Encourage More Deaths
Share on FacebookShare on TwitterShare on LInkedIn


“If, tomorrow, I tell the press that, like, a gang banger will get shot, or a truckload of soldiers will be blown up, nobody panics, because it’s all “part of the plan”. But when I say that one little old mayor will die, well then everyone loses their minds. Introduce a little anarchy. Upset the established order, and everything becomes chaos. I’m an agent of chaos. Oh, and you know the thing about chaos? It’s fair!”

― The Dark Knight

United Health, its current CEO, Andrew Witty, and its CFO, John Rex, were sued by some of its shareholders for allegedly concealing how backlash from the shooting of former CEO Brian Thompson was damaging its business. The shareholders allege that United Health shifted away from strategies that led to higher-than-average claim denials without revealing the impact on profitability.

United Health shares fell 22.4% in April, wiping out $119 billion of market value after the company cut its 2025 forecast from $29.5-$30 to $26-$26.5. The suit claims that UnitedHealth had previously inflated its stock price by standing by its old forecast, even as mounting public anger and a US Senate report on claims denials caused the company to shift to become more patient-friendly.

Luigi Mangione, the named suspect in Thompson’s shooting, has pleaded not guilty to killing Thompson. Mangione has become a hero to some Americans who were denied claims, or have loved ones who were denied coverage for medical treatments by healthcare insurers.

On May 12, 2025, UnitedHealth’s current CEO, Andrew Witty, resigned from his position.

Allegations of Fraud

The lawsuit is about United Health allegedly misleading the public, and its own shareholders, into believing that the shooting and its insuring controversy did not impact its policies or its profits. However, senior equity analysts atBernstein commented that:

“For United, what they’re probably doing is changing the way in which they interact with their consumers, and they’re trying to slowly reset what that expectation is [from United as a health insurer.] And that is probably having a bigger impact than they had expected on levels of utilization.”

If UnitedHealth changed its policies in response to Thompson’s death and the resulting public fallout, it should have been honest about such changes. Most normal people would not have blamed UnitedHealth for doing so, and anyone who expected otherwise would garner no real support. So it seems odd that UnitedHealth’s initial earnings report after the shooting is that it didn’t impact its policies – it was essentially business as usual until about April 2025.

Tone Death

The lawsuit is about fraud, but unfortunately, it perpetuates a very real problem with America right now: business executives are incentivized and encouraged to make all the wrong decisions. CEOs like Thompson are awarded with multi-million dollar salaries to make companies more profitable, even if that profit comes at the expense of ordinary people. This latest lawsuit serves as more of the same, essentially punishing the company for attempting to become more patient friendly. The underlying allegations may be about fraud, but the message inside and out of United Health will continue to be profit instead of people.

In case there was any doubt about the message this lawsuit was sending, here is an excerpt from the complaint:

“In the wake of Mr. Thompson’s murder, the reaction was not uniformly sympathetic to Mr. Thompson, who was a father. Instead, Mr. Thompson and UnitedHealth became the target of harsh criticism from politicians, medical professionals, and consumers.”

The author of the complaint seems almost surprised that the world would not be uniformly sympathetic, in part because Mr. Thompson was a father. This is blatant emotional manipulation that serves no real purpose in supporting the allegations of fraud.

People are upset because United Health didn’t care when their fathers were denied medical care. United Health turned a blind eye because it was all part of the greater plan for profit. But when one CEO dies, “everyone loses their minds.”

UnitedHealth should have been more transparent about the impact the shooting had on the company. However, this lawsuit will likely push UnitedHealth back on the path that led to Thompson’s death in the first place.

Do I Need a Criminal Defense Lawyer?

A criminal defense attorney can help you build your case and can represent you during all the phases of a murder or manslaughter trial. The emotional benefits include some sense of relief that your attorney is on your side.



Source link

Tags: deathsencourageLawsuitshareholdersUnitedHealth
ShareTweetShare
Previous Post

How Adobe and Cisco prove the case for indirect tax technology

Next Post

Is Your Personal Information Online? Use This Tool to Secure It Now

Related Posts

edit post
LawNext: Clio CEO Jack Newton on Its New ‘Intelligent Legal Work Platform’ and A New Era Of AI-Driven Legal Work

LawNext: Clio CEO Jack Newton on Its New ‘Intelligent Legal Work Platform’ and A New Era Of AI-Driven Legal Work

by TheAdviserMagazine
October 29, 2025
0

Last week brought the 13th annual ClioCon — the annual conference of legal technology company Clio — to Boston, Mass.,...

edit post
Virginia Court Reverses M Libel Judgment for School Board Chair Called “Sexual Predator/Harasser” by Activist

Virginia Court Reverses $1M Libel Judgment for School Board Chair Called “Sexual Predator/Harasser” by Activist

by TheAdviserMagazine
October 28, 2025
0

From Pestrak v. Sawyers, decided last week by the Virginia Court of Appeals (Judge Vernida Chaney, joined by Judges Frank...

edit post
What’s at Stake in Mike Johnson’s Refusal to Administer the Oath to Adelita Grijalva? | Michael C. Dorf | Verdict

What’s at Stake in Mike Johnson’s Refusal to Administer the Oath to Adelita Grijalva? | Michael C. Dorf | Verdict

by TheAdviserMagazine
October 28, 2025
0

It has been more than a month since the voters of Arizona’s Seventh Congressional District elected Adelita Grijalva to the...

edit post
Virginia Attorney General Gets Green Light To Sue TikTok

Virginia Attorney General Gets Green Light To Sue TikTok

by TheAdviserMagazine
October 27, 2025
0

TikTok, the alleged national security risk and dancing app, isn’t just getting attacked at the federal level. Most of the...

edit post
Oral argument live blog for Wednesday, November 5

Oral argument live blog for Wednesday, November 5

by TheAdviserMagazine
October 24, 2025
0

Cases: Learning Resources, Inc. v. Trump (Tariffs), Trump v. V.O.S. Selections Recommended Citation: SCOTUSblog , Oral argument live blog for...

edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

by TheAdviserMagazine
October 24, 2025
0

$20 Billion War Machine Arrives in Caribbean—Trump Unleashes Naval Power Against Cartels In a stunning display of military muscle, President...

Next Post
edit post
Is Your Personal Information Online? Use This Tool to Secure It Now

Is Your Personal Information Online? Use This Tool to Secure It Now

edit post
Applied Materials Q2 earnings rise on higher revenues, beat estimates

Applied Materials Q2 earnings rise on higher revenues, beat estimates

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Getting Started: Buying Formats and Payments

Getting Started: Buying Formats and Payments

0
edit post
Gov’t plans mortgage relief from tax on bank profits

Gov’t plans mortgage relief from tax on bank profits

0
edit post
CIT Bank Review – High-Yield Savings Accounts & CDs

CIT Bank Review – High-Yield Savings Accounts & CDs

0
edit post
Tattd gave four TechCrunch writers tattoos at Startup Battlefield

Tattd gave four TechCrunch writers tattoos at Startup Battlefield

0
edit post
Forrester’s Consumer Predictions For 2026

Forrester’s Consumer Predictions For 2026

0
edit post
Importance of Critical Illness Insurance: Is it Worth the Investment?

Importance of Critical Illness Insurance: Is it Worth the Investment?

0
edit post
Tattd gave four TechCrunch writers tattoos at Startup Battlefield

Tattd gave four TechCrunch writers tattoos at Startup Battlefield

October 31, 2025
edit post
Getting Started: Buying Formats and Payments

Getting Started: Buying Formats and Payments

October 31, 2025
edit post
Importance of Critical Illness Insurance: Is it Worth the Investment?

Importance of Critical Illness Insurance: Is it Worth the Investment?

October 31, 2025
edit post
This China-Based Trading App Operator Sees Explosive Profit Growth. More Is Expected.

This China-Based Trading App Operator Sees Explosive Profit Growth. More Is Expected.

October 31, 2025
edit post
Exxon Mobil in talks to power data centers with natural gas and carbon capture

Exxon Mobil in talks to power data centers with natural gas and carbon capture

October 31, 2025
edit post
Recipes with Rothbard: What Chocolate Cake Can Teach About Economics

Recipes with Rothbard: What Chocolate Cake Can Teach About Economics

October 31, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Tattd gave four TechCrunch writers tattoos at Startup Battlefield
  • Getting Started: Buying Formats and Payments
  • Importance of Critical Illness Insurance: Is it Worth the Investment?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.