Investors Sue UnitedHealth In Chancery Over Billings Case
By Jeff Montgomery (April 24, 2019, 8:45 PM EDT) -- A pension fund and a set of bank-managed investment funds sued UnitedHealth Group's directors and former top officer in Chancery Court late Wednesday, seeking damages on behalf of the company for alleged Medicare billing violations that the suit said could involve billions in false claims.
The 113-page derivative action filed by Central Laborers Pension Fund and a fleet of Amalgamated Bank LongView funds came six months after Delaware's Supreme Court rejected a UnitedHealth appeal challenging lower court clearance for books and records demands by the investors.
The suit accused 15 current or past UHG directors, including executive chairman and former CEO...
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