This is an F tier, rage bait blog post.
It doesn’t even link to the actual lawsuit, just a CBS article about hre lawsuit that does not contain any of the “quotes” that it uses.
It’s a group of investors, including BlackRock amongst numerous others, who are suing United Health Care for issuing their financial report in the wake of the killing that said ‘business as usual, this won’t effect profits’.
The lawsuit isn’t about United providing more care, it’s about the fact that United should have known that they would have to increase the level of care provided in the wake of the killing and the media attention surrounding it.
i.e. investors would not be suing if:
- United was already providing adequate care and didn’t need to change their behaviour in the wake of the killing.
- United acknowledged that they were providing substandard care and adjusted their quarterly earnings forecast to be lower knowing that they would have to spend more.
The lawsuit is about a corporation lying on their earnings forecast, not about whether their earnings should be more or less.
Okay, if you go to the sources of the article, you can see that UH got sued because they did not amend their forecast after the shooting. They said that their response to the shooting would not impact earnings. BR would have had no grounds to sue, if UH said that they could not reach their earnings targets.
To quote Yahoo: “UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook.”
Thank you for doing the hard work!
This context makes a lot note sense than whatever brain dead “journalist” decided to headline the article with.
UH clearly under estimated its position.
Well lool, Blackrock IS driving a lot of negative change in the world also. If only we could shut them down somehow.