UnitedHealth Group Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

Globe Newswire 26-Jun-2024 9:00 AM

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, June 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises UnitedHealth Group Incorporated ("UnitedHealth Group" or "the Company") (NYSE:UNH) investors that a class action has been filed on behalf of investors. UnitedHealth Group investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
        
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

The Complaint alleges that, throughout the Class Period, UnitedHealth repeatedly assured investors that it had taken steps to avoid anti-competitive behavior, including by setting up "robust firewall processes" to prevent customer sensitive information ("CSI") from being shared between UnitedHealthcare and Optum after the merger. Specifically, the Complaint alleges that UnitedHealth explicitly stated that Optum "invests extraordinary time, money, and resources into safeguarding [CSI] and keeping it walled off from UnitedHealthcare" and that "UnitedHealth Group's existing firewalls and data-security policies prohibit employees from improperly sharing external-customer CSI."

As a result of these misrepresentations, the lawsuit claims that UnitedHealth stock traded at artificially inflated prices during the Class Period.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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