HUM - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Humana Inc. (HUM) | Benzinga

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons and entities who purchased securities of Humana Inc. ("Humana" or the "Company") (NYSE:HUM) between July 27, 2022 and January 24, 2024, inclusive (the "Class Period").

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that Defendants downplayed pressures on Humana's adjusted earnings-per-share resulting from increased medical costs associated with pent-up demand for healthcare procedures (especially as COVID concerns abated) which, contrary to Humana's assurances, resulted in increased utilization rates and costs.

The Complaint alleges that on June 13, 2023, UnitedHealth Group Inc., one of Humana's principal health ...

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