March 1, 2017 (Shareholders Foundation) - An investigation on behalf of investors of UnitedHealth Group Inc (NYSE:UNH) shares over potential securities laws violations by UnitedHealth Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of UnitedHealth Group Inc (NYSE:UNH) concerning whether a series of statements by UnitedHealth Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

UnitedHealth Group Inc reported that its annual Total Revenue rose from over $157.1 billion in 2015 to over $184.84 billion in 2016 and that its Net Income increased from over $5.81 billion in 2015 to over $7.01 billion in 2016.

Shares of UnitedHealth Group Inc (NYSE:UNH) grew from $71.60 per share in ealr 2014 to as high as $166.76 per share on February 28, 2017.

On February 16, 2017, it was revealed the UnitedHealth Group Inc was subject to a False Claims Act lawsuit. According to the Complaint, UnitedHealth Group Inc and other insurers had engaged in a scheme to overcharge Medicare by 'hundreds of millions and likely billions of dollars' for over ten years.