Minnesota untouchable UnitedHealth Group is now being investigated for White Collar Crime violations of the securities laws and for defrauding investors
The Schall Law Firm is investigating claims on behalf of investors of UnitedHealth Group Incorporated ("UnitedHealth" or "the Company") (NYSE: UNH) for White Collar Crime violations of the securities laws.
The investigation focuses on whether CEO Andrew Witty and the Company issued false and/or misleading statements to investors and/or failed to disclose information pertinent to investors.
UnitedHealth is the subject of a Wall Street Journal report published on February 27, 2024, titled: "U.S. Opens UnitedHealth Antitrust Probe." According to the Journal, "The Justice Department has launched an antitrust investigation into UnitedHealth, owner of the biggest U.S. (commercial) health insurer, a manager of the drug market and a sprawling network of doctor groups." UnitedHealth Group currently owns more than 900,000 physicians, which remains legal as of this writing.
The report adds, "During their interviews, investigators have asked about issues including certain relationships between the company's UnitedHealthcare (commercial) insurance unit and its Optum health-services arm, which owns physician groups, among other assets."
Based on this news, shares of UnitedHealth fell by 5% in morning trading on February 28, 2024. Investors since, have begun off-loading stock as the DoJ and HHS investigations throttle up and lawsuits from physicians and clinic owners snowball by the day.
UnitedHealth Group is also being investigated for methodical, intentional, overbilling and is in federal court now for harming persons through Denial of Care by PxDx and nH AI.
Mr. Witty has been summoned to The Hill to defend his company’s practices and tactics. More than one month after the cyberattack in Change Healthcare, he has refused to appear.