Posted 4 months ago on Dec. 16, 2013, 11:10 a.m. EST by GirlFriday
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Citizens for Responsibility and Ethics in Washington (CREW) thinks shareholders might also take a dim view of receiving inaccurate information on an issue they would be asked to vote on at the company’s annual shareholders’ meetings. In a lawsuit filed Tuesday in federal court in New York on behalf of an Aetna shareholder, CREW accuses the company of violating the Securities Exchange Act of 1934 by sending out false and misleading proxy statements to shareholders.
CREW alleges that Aetna tried to hide nearly $8 million in contributions to the American Action Network (AAN) and the Chamber of Commerce to influence recent elections.
“Aetna pretends to be a model of corporate transparency, but in truth, shareholders have almost no idea which dark money groups the company is funding or how much it is contributing,” CREW Executive Director Melanie Sloan said in a statement. “Who knows where else Aetna has been funneling money?”
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