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Employee Benefits

UnitedHealth faces trial over alleged Wells Fargo retirement plan ties

March 14, 2024 Reprints

UnitedHealth Group Inc. is facing a class-action lawsuit alleging it retained poorly performing Wells Fargo investment funds in its employee retirement plan to protect its business relationship with the bank, the Minneapolis Star-Tribune reports. The case, which names UnitedHealth and former CEO David Wichmann as defendants, was recently denied a summary judgment by Judge John Tunheim and is now headed to trial.

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UnitedHealth faces trial over alleged Wells Fargo retirement plan ties

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