CalPERS, UnitedHealth Group Reach $895 Million Settlement in Class-Action Case - Includes Landmark Corporate Governance Reforms

The California Public Employees’ Retirement System (CalPERS) today announced a proposed $895 million settlement of a class-action lawsuit brought against UnitedHealth Group over its stock-option grant practices. The settlement is subject to approval by the CalPERS Board of Administration, the UnitedHealth Group Board of Directors, and the court.

For the full story visit calpers.ca.gov:
http://www.calpers.ca.gov:80/index.jsp?bc=/about/press/pr-2008/jul/unitedhealth-reach-settlement.xml