NEW YORK, Jan. 3, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at UnitedHealth Group Incorporated ("United Health" or the "Company") (NYSE: UNH).
The investigation focuses on whether the Company's Board of Directors and its officers committed mismanagement and breached their fiduciary duties. On October 4, 2016, the first of several class action complaints was filed in the United States District Court, District of Minnesota, against United Health and several of its wholly-owned subsidiaries (the "United Health Defendants") alleging violations of (a) the Employee Retirement Income Security Act of 1974 ("ERISA"), (b) violations of state law and (c) violations of the Racketeering Influenced and Corrupt Organizations Act ("RICO"). The complaint alleged that the United Health Defendants required network pharmacies to charge insured patients unauthorized and excessive amounts for prescription drugs. The United Health Defendants "clawed back" these excessive payments by forcing the pharmacies to pay the unauthorized and excessive charges to the United Health Defendants after collecting them from the insureds.
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If you currently own United Health stock and would like to discuss your legal rights, please visit www.faruqilaw.com/UNH. You can also contact us by calling Nina Varindani toll free at (212) 983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding United Health's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Nina Varindani
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