An amended shareholder lawsuit accuses UnitedHealth Group’s board and officers of ignoring long-term governance risks. The complaint, filed in Minnesota federal court, alleges leadership inaction caused billions of dollars in investor losses.
Allegations include defrauding the federal Medicare program and improperly denying medical care. The lawsuit also cites neglected cybersecurity risks following a major data breach at the Change Healthcare subsidiary.
Plaintiffs claim the company shut down an internal audit program that identified Medicare billing problems. The suit seeks court-ordered improvements to corporate governance and compliance programs.