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UnitedHealth Group to Pay $895 Million in CalPERS Class Action

A class action suit stemming from illegal stock option backdating by UnitedHealth in 2006 has been settled. The suit was brought by The California Public Employees' Retirement System, the country's largest public pension fund. In the settlement, UnitedHealth Group will pay $895 million to CalPERS and other pension plans who are plaintiffs.

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Last updated on Jul-7-08