UnitedHealth Sued by Investor Over Strategy After CEO Murder (2)

UnitedHealth Group Inc. misled investors about its corporate strategy as the company faced significant public scrutiny following the December killing of CEO Brian Thompson on a Manhattan street, a proposed class action filed Wednesday said.

Share prices plummeted more than 22% April 17 after the insurer lowered its full-year 2025 net earnings outlook, with the company indicating “heightened care activity” for beneficiaries of Medicare Advantage, investor Roberto Faller told the US District Court for the Southern District of New York. It was the stock’s steepest one-day fall since 1998, according to data compiled by Bloomberg.

This lowered 2025 outlook signaled ...