Brian Thompson: Who is UnitedHealth CEO shot dead in New York?

Mr Thompson had been dealing with insider buying and selling allegations.

A category-action lawsuit filed by a pension fund in Could 2024 alleged that Mr Thompson bought $15m of his UnitedHealth Group shares when he knew that the corporate was below investigation by the US Division of Justice.

Officers have been trying into whether or not the corporate violated US antitrust regulation, in line with an investigation made public by a report within the Wall Road Journal in February.

The BBC has contacted UnitedHealth Group – the mother or father firm of UnitedHealthcare – for remark.

UnitedHealth is a large firm with pursuits in insurance coverage, well being care suppliers, pharmacy providers and well being information. In 2023 it had greater than $371bn in revenues.

In response to courtroom paperwork, the corporate has bought greater than 35 healthcare corporations over the past 10 years. Justice division investigators have been trying into whether or not it used its market energy to cut back competitors, hurting clients and workers.

The Wall Road Journal reported that officers interviewed healthcare business representatives, and have been asking questions on “attainable results of the corporate’s doctor-group acquisitions on rivals and customers”.

The Metropolis of Hollywood Firefighters’ Pension Fund initiated a criticism in opposition to Mr Thompson and different executives, accusing them of failing to inform buyers concerning the investigation earlier than promoting a complete of greater than $117m in firm inventory.

As long-term buyers who purchase giant quantities of inventory, pension funds usually take motion on behalf of shareholders, and proposed a class-action lawsuit in opposition to UnitedHealth.

The lawsuit stays energetic.