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UnitedHealth sued by shareholders over its reaction to backlash from executive's killing

  • A group of shareholders filed a class action lawsuit on April 17, 2025, in Manhattan federal court against UnitedHealth over its reaction to CEO Brian Thompson's December 4, 2024, killing.
  • The lawsuit claims UnitedHealth deceived shareholders by maintaining its 2025 financial projections unchanged after CEO Brian Thompson's death and failing to disclose how negative public reaction was adversely affecting the company’s business.
  • UnitedHealth initially maintained earnings guidance of $28.15 to $28.65 per share despite growing scrutiny over its aggressive claim denial tactics and the impact of Thompson's murder.
  • After revising its 2025 profit forecast down by about 12% on April 17 due to higher Medicare Advantage costs, the company's stock fell over 22%, erasing around $119 billion in market value.
  • The lawsuit claims class members suffered significant financial losses from artificially inflated stock prices and seeks unspecified damages along with legal costs in a jury trial.
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CNBCCNBC
+3 Reposted by 3 other sources
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UnitedHealthcare sued by shareholders over reaction to CEO's killing

The group of investors alleged that the company misled them by not adjusting its forecast after Brian Thompson's killing.

·United States
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Denver GazetteDenver Gazette
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UnitedHealth sued by shareholders over its reaction to backlash from executive's killing

·United Kingdom
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Denver Gazette broke the news in on Wednesday, May 7, 2025.
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