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$895 Preliminary Settlement Approved for UnitedHealth Group Securities Class Action

$895 Preliminary Settlement Approved for UnitedHealth Group Securities Class Action

A preliminary settlement has been approved in the stock options lawsuit against UnitedHealth Group Inc, for $895 million.

The settlement details of the securities class action would also have former CEO William McGuire pay $30 million and former general counsel David Lubben pay $500,000. Final approval is set for March 2009.

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Last updated on Dec-18-08

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