Core Viewpoint - UnitedHealth Group is facing a class action lawsuit due to a criminal investigation by the U.S. Department of Justice regarding potential Medicare fraud, which has led to significant changes in its leadership and financial guidance [3][4]. Group 1: Legal Actions and Investigations - A class action has been initiated for investors who purchased UnitedHealth securities between December 3, 2024, and April 16, 2025, with a deadline of July 7, 2025, for filing a lead plaintiff motion [1]. - The U.S. Department of Justice is conducting a criminal investigation into UnitedHealth Group concerning potential Medicare fraud, particularly focusing on the company's Medicare Advantage business practices [3]. - The investigation has reportedly been ongoing since at least the summer of 2024, although specific details of the alleged misconduct remain unclear [3]. Group 2: Corporate Developments - On May 13, 2025, UnitedHealth announced the withdrawal of its previously revised financial guidance issued on April 17, indicating potential financial instability [4]. - Following the announcement, CEO Andrew Witty has stepped down, with Chairman Stephen Hemsley taking over as the new CEO [4].
UnitedHealth Group Incorporated Investors: Please contact the Portnoy Law Firm to recover your losses. July 7, 2025 Deadline to file Lead Plaintiff Motion.