UnitedHealth $895 Million Backdating Accord Approved
UnitedHealth Group Inc., the largest U.S. health insurer, and investors won final court approval of the $895 million settlement of a lawsuit in which the company was accused of improperly backdating stock options.
U.S. District Judge James M. Rosenbaum approved the accord yesterday in Minneapolis. He also approved a $30 million settlement by former UnitedHealth Chief Executive Officer William McGuire reached in September..
“The $925 million settlement amount is substantial,” Rosenbaum said in a written order. “The parties represent, and the court has no doubt, defendants are able to pay that amount.”
For the full story visit Bloomberg.com:click here.
Read More Firm News
- Robbins Geller Tags Facebook in Record-Breaking $650 Million Settlement of Privacy Biometric LawsuitAugust 20, 2020
- August 17, 2020
- July 31, 2020
- July 13, 2020
- June 26, 2020