Hollywood Firefighters’ Pension sues UnitedHealth execs, including slain CEO, alleging insider trading
The late CEO Brian Thompson, along with two other UnitedHealth Group executives, were accused of dumping stock prior to a Department of Justice antitrust investigation into the company.
By Lynn Cavanaugh |
December 09, 2024 at 01:06 PM
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UnitedHealthcare corporate headquarters in Minnetonka, Minnesota. Photo: Ken Wolter/Shutterstock
A class action lawsuit brought by the City of Hollywood Firefighters’ Pension Fund alleges that UnitedHealthcare CEO Brian Thompson, who was slain in New York City last week, as well as two other company executives, were involved in insider trading in 2023.
In May, the Hollywood Firefighters’ Pension Fund filed a lawsuit against Thompson, along with UnitedHealth’s Chairman Stephen Hemsley and UnitedHealth Group CEO Andrew Witty. The suit alleges the executives sold over $120 million of UnitedHealth stock despite knowledge of an active Justice Department antitrust investigation into the company that they did not disclose to investors or the public.
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