this post was submitted on 09 May 2025
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Luigi Mangione
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I'm not sure it's that simple in this particular case..
That specific wording makes me think these particular shareholders are actually on the right side and taking advantage of the fact UHC is a piece of shit company to both profit and make a point.
That is 100% how it reads to me.
You're correct. Read point 37 in the lawsuit. Link to the document. It makes it clear they are accusing UHC of deliberately denying insurance claims to boost profits and lying to shareholders about it.
That's interesting, because if they win, then they're basically saying that they were able to do the ghoulish practices that made them money, and they just didn't make enough money off of it, whereas if they lose, then everyone knows that they committed ghoulish practices in order to make profit off of sick and ailing Americans.
Remember that UGC is in a bunch of index and retirement funds where individual stockholders don’t choose what they get. There are plenty of UHC shareholders who probably hate it.
Source: I hold UHC stock as part of my Paramount retirement account
Interesting. That may be a good point.