Comment on BlackRock is Suing UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered

HawlSera@lemm.ee ⁨1⁩ ⁨week⁩ ago

• Sneptaur@pawb.social ⁨1⁩ ⁨week⁩ ago

  Yes, shareholders in the US have rights to sue when their investments don’t return profits as promised.

  It’s pretty sickening.

  This is one of the biggest drivers of corporate greed in the US.

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  • isVeryLoud@lemmy.ca ⁨1⁩ ⁨week⁩ ago

    Investments are supposed to be a gamble. Imagine losing at the casino and then suing the casino because you didn’t get the advertised jackpot.

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    • leftytighty@slrpnk.net ⁨1⁩ ⁨week⁩ ago

      I’m pretty anti capitalist and wish the whole system would fuck off but they’re not suing because of the lack of performance of their investment, they’re alleging that United didn’t give necessary information to investors

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      • isVeryLoud@lemmy.ca ⁨1⁩ ⁨week⁩ ago

        This is unfortunately true, they’ll likely win the case on that angle.

        My point is that legislation shouldn’t guarantee earnings from gambling under unforeseen circumstances. That’s just gambling.

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    • chiliedogg@lemmy.world ⁨1⁩ ⁨week⁩ ago

      This isn’t about a failed bet. It’s about investors not being informed of the changes.

      It’s closer to having the odds and rules explained, then having the casino change both retroactively after they’ve taken your money.

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    • Sneptaur@pawb.social ⁨1⁩ ⁨week⁩ ago

      That’s the problem with our entire system!

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  • HawlSera@lemm.ee ⁨5⁩ ⁨days⁩ ago

    And this is why Health and Justice shouldn’t be for profit

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• loudWaterEnjoyer@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago

  You can sue for everything. If you win is another question.

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