LAWSUITS NEWS & LEGAL INFORMATION
Former Chief Executive of UnitedHealth Group to Pay $30 Million Settlement
In addition to the more than $900 million settlement announced last month by UnitedHealth Group, Former Chief Executive William McGuire, has agreed to pay$30 million into a fund established in a class action settlement involving stock options for the country's largest health insurer.
The settlement is subject to court approval, and it remains to be determined as to whether or not McGuire can retain any remaining stock options once the settlements are decided.
McGuire left UnitedHealth Group in 2006, following an internal investigation into back-dated stock options.
> SEPT-10-08: McGuire to pay $30 million in options settlement [USA TODAY: PAXIL HEART DEFECT]
Published on Sep-10-08
The settlement is subject to court approval, and it remains to be determined as to whether or not McGuire can retain any remaining stock options once the settlements are decided.
McGuire left UnitedHealth Group in 2006, following an internal investigation into back-dated stock options.
> SEPT-10-08: McGuire to pay $30 million in options settlement [USA TODAY: PAXIL HEART DEFECT]
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