News Briefs: Investor Files Lawsuit Against UnitedHealth
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May 09, 2025
Roberto Faller, an investor in UnitedHealth Group, filed a proposed class action lawsuit on May 7 alleging UnitedHealth withheld information about the backlash related to its response to the December killing of UnitedHealthcare CEO Brian Thompson, CBS News reported. Faller alleges that UnitedHealth “artificially inflated prices” of its shares when it provided financial guidance in December and reaffirmed the projections the next month. In April, UnitedHealth lowered its guidance and saw its shares decline by more than 22% following disappointing first-quarter earnings results. Faller is asking a judge in the Southern District of New York to certify the lawsuit as a class action lawsuit.
During the week of May 12, the House Energy and Commerce Committee plans to mark up a bill that includes drastic cuts to Medicaid, Politico reported. The news outlet said one of the major issues is how far Republicans will go in capping Medicaid payments from the federal government to states. Committee chairman Brett Guthrie (R-Ky.), House speaker Mike Johnson (R-La.) and other House GOP leaders recently met with President Donald Trump about Medicaid proposals, according to Politico.
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