NEW YORK, Aug. 18, 2017
The investigation concerns whether UnitedHealth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 18, 2017, CNN.com published an article entitled "Pediatricians say Florida hurt sick kids to help big GOP donors". The article reported that state health officials in Florida removed thousands of sick children from Children's Medical Services ("CMS"), a part of Florida Medicaid, and placed them on insurance plans owned by companies, including UnitedHealth's subsidiary UnitedHealthcare of Florida, that cumulatively donated millions of dollars to Florida Republican Party committees.
On this news, UnitedHealth's share price has fallen during intraday trading on August 18, 2017.
The Pomerantz Firm, with offices in New York, Paris, Chicago, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP