Settlements and Verdicts

$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.

DEC-18-08: UnitedHealth gets preliminary OK to pay $895 million to settle stock options suit [STAR TRIBUNE: UNITED HEALTH GROUP PRELIMINARY SETTLEMENT]

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