UnitedHealthcare CEO Brian Thompson was fatally shot outside a Hilton on Wednesday.
Thompson, alongside two other executives, was facing a lawsuit of insider trading related to an ongoing Justice Department investigation.
The class action lawsuit was initiated in May. It claimed that Thompson and two other executives offloaded millions in stock during a federal antitrust investigation.
“UnitedHealth was aware of the DOJ investigation since at least October 2023. Instead of disclosing this material investigation to investors or the public, UnitedHealth insiders sold more than $120 million of their personally held UnitedHealth shares,” the suit filed by the City of Hollywood Firefighters’ Pension Fund alleges.
Since, the New York Police Department released two photos of the suspect for the killing of Thompson.
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