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UnitedHealth faces securities fraud lawsuit over undisclosed antitrust probe


UnitedHealth Group Inc. is facing a proposed securities fraud class-action lawsuit alleging the company failed to disclose a Justice Department antitrust investigation, leading to a $27 per share drop in stock price and erasing nearly $25 billion in shareholder value, Becker’s Payer Issues reports. The City of Hollywood Firefighters Pension Fund claims UnitedHealth insiders sold over $120 million in shares before the investigation became public.

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