UnitedHealth Group Inc. Class Action Lawsuit - UNH

50 days left to seek lead plaintiff status

Case Summary

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The UnitedHealth class action lawsuit seeks to represent purchasers of shares of UnitedHealth Group Inc. (NYSE: UNH) common stock between March 14, 2022 and February 27, 2024, inclusive (the “Class Period”).  Captioned City of Hollywood Firefighters’ Pension Fund v. UnitedHealth Group Inc., No. 24-cv-01743 (D. Minn.), the UnitedHealth class action lawsuit charges UnitedHealth and certain of UnitedHealth’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the UnitedHealth class action lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.  Lead plaintiff motions for the UnitedHealth class action lawsuit must be filed with the court no later than July 15, 2024.

CASE ALLEGATIONS: UnitedHealth is a health care and well-being company comprised of two distinct and complementary businesses: Optum and UnitedHealthcare.  The UnitedHealth class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) UnitedHealth never established proper firewalls between Optum and UnitedHealthcare as required by its own policy, and as it told the court in an antitrust action, the U.S. Department of Justice (“DOJ”), and investors it would do; (ii) firewalls were never properly created for certain business applications; and (iii) there was never a meaningful technological separation between Optum and UnitedHealthcare that prevented the sharing of customer sensitive information.

The UnitedHealth class action lawsuit further alleges that on February 27, 2024, The Wall Street Journal reported that the DOJ had re-opened its antitrust investigation into UnitedHealth and the relationships between UnitedHealth’s various segments, including Optum.  On this news, the price of UnitedHealth stock fell $27 per share, according to the UnitedHealth class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased shares of UnitedHealth common stock during the Class Period to seek appointment as lead plaintiff in the UnitedHealth class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the UnitedHealth class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the UnitedHealth class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the UnitedHealth class action lawsuit.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases.  The Firm was ranked #1 on the ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller topped the list.  And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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