Workflow
Illegal kickbacks
icon
Search documents
Berman Tabacco Announces Investigation of Humana, Inc. (NYSE:HUM)
Globenewswire· 2025-11-17 16:09
Core Viewpoint - Berman Tabacco is investigating potential stockholder claims against Humana, Inc. regarding allegations of illegal kickbacks paid to insurance brokers [1][2] Group 1: Allegations and Investigation - Allegations against Humana involve the payment of illegal kickbacks totaling possibly up to $250 million to insurance brokers, including Select Quote, to direct customers towards Humana's Medicare offerings [2] - The investigation was prompted by a whistleblower and has been supported by the U.S. Attorney's Office for the District of Massachusetts [2] - The complaint suggests that senior officers of Humana were personally involved in the alleged scheme [2] Group 2: Impact on Stock Performance - Following the filing of the complaint, shares of Humana experienced a decline of approximately 3% [2] Group 3: Board and Fiduciary Duties - Berman Tabacco is examining whether Humana's board of directors had a role in the alleged kickback scheme and if there were breaches of fiduciary duties by its officers and/or directors [3]