A former top executive at Alignment Healthcare has sued the publicly traded Medicare Advantage company in federal court, alleging it inflated a key profitability metric by improperly classifying millions of dollars in expenses, helping it claim its first profitable year and boost executive compensation.
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Howard Boyd will take over July 1, succeeding Victoria “Tori” Johnson, who is stepping down after more than three decades of service to the university. Johnson has been named general counsel emeritus and will continue supporting Tulane on select projects and transition matters.
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