UnitedHealth Investors Can Access Alleged Medicare Fraud Records

UnitedHealth Group Inc. shareholders can scour 12 years of the insurer’s records to support claims that its directors played a part in an alleged Medicare fraud perpetrated by the company, a Delaware judge decided.

The investors—two pension funds and one bank—filed suit in 2017 after UnitedHealth rejected their initial requests for the information, which relates to an ongoing federal lawsuit accusing the company of filing thousands of false Medicare claims.

The investors demonstrated a “proper purpose” for demanding access to certain internal records by claiming they might show UnitedHealth’s directors knew about, or signed off on, the alleged fraud, Chancery ...