Yesterday, 11:05 AM
https://www.cnbc.com/2024/12/04/unitedhealth-cancels-investor-day-after-reports-of-executive-shot-in-manhattan.html
In May, a firefighters’ pension fund in Hollywood, Florida, sued United HealthGroup, Thompson, Witty and Executive Chairman Stephen Hemsley. The suit accused the executives of selling a combined $120 million in company shares before a U.S. Department of Justice antitrust investigation was disclosed publicly.
The DOJ’s probe was related to UnitedHealth Group’s 2021 acquisition of Change Healthcare, which processes medical claims.
The lawsuit claimed Thompson knew about the investigation as early as October 2023 and sold shares worth $15.1 million on Feb. 16, less than two weeks before news of the probe went public, according to the complaint.
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