The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the District of Minnesota on behalf of shareholders of UnitedHealth Group Inc. who purchased Common stock between March 14, 2022 and February 27, 2024.
According to the filed complaint, defendants made false statements and/or concealed that UnitedHealth never established proper firewalls between it's complementary businesses, Optum and UnitedHealthcare, as required by its own policy and as it told the court in an antitrust action, the United States Department of Justice, and investors it would do. Firewalls were never properly created for certain business applications. Despite assurances to the contrary, there was never a meaningful technological separation between Optum and UnitedHealthcare that prevented the sharing of customer sensitive information.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until July 15, 2024 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
