MARCH 16, 2016
Kurt J. Hilzinger was initially elected to the Humana, Inc. (Humana) Board in July 2003, and was elected as Chairman of the Board effective January 1, 2014 as an Independent Director. Mr. Hilzinger served as Lead Director on Humana’s Board of Directors from August 2010 until his appointment as Chairman.
Mr. Hilzinger is a Partner at Court Square Capital Partners, LP, an independent private equity firm, having held this position since November 2007. Prior to that, he was a Director of AmerisourceBergen Corporation from March 2004 to November 2007; having previously served as President and Chief Operating Officer of AmerisourceBergen Corporation from October 2002 to November 2007, and as Executive Vice President and Chief Operating Officer from August 2001 to October 2002. Mr. Hilzinger is also a director of Oncobiologics, Inc.
Prescott Lovern, Sr. (Lovern), president R&L Associates Law, says Aetna, Inc. (Aetna) intentionally failed to disclose, as required by law, to Humana Shareholders, catastrophic liability facing Aetna that can bankrupt Aetna many times over. Aetna’s potential liability [hundreds of billions of dollars is strict liability (no proof of damage requirement)], which they cannot guarantee will not materialize, and, would definitely have resulted in a “NO” vote to the merger, if the Humana Shareholders knew about it. They do not and Mr. Hilzinger is aiding & abetting the cover-up.
Humana is also participating in the Aetna criminal / civil conspiracy that includes Anthem, Inc. (Anthem), Cigna Corporation (Cigna), IRS, and Social Security Administration. It’s Lovern’s opinion Mr. Hilzinger is trying to protect Humana executive “Golden Parachutes.” Humana’s CEO is expecting $40.2 million as part of the merger.
Lovern says Mr. Hilzinger’s actions are also in violation of Sarbanes Oxley as he should have instructed the audit committee to retain outside counsel to investigate Humana management’s illegal activity. Lovern reached out to Mr. Hilzinger. Lovern says, “knowing Hilzinger’s corporate influence in various capacities is scary after seeing him cover-up millions of federal felonies. Hilzinger violated 18 U.S.C. Sec. 4 [federal felony] in his intentional cover-up of Aetna & Humana federal felonies connected to social security numbers.”
Maybe if Mr. Hilzinger gets prosecuted he’ll change his errant ways.