AG Urges Delay Of UnitedHealth Settlement

Law360, New York (February 7, 2007, 12:00 AM EST) -- The Ohio attorney general has sent a letter warning a committee overseeing the UnitedHealth Group’s options backdating case that the prospect of a rushed settlement with the company’s disgraced chief executive officer would be unfair to the company’s shareholders.

Attorney General Marc Dann sent the letter Wednesday to two former Minnesota justices leading the UnitedHealth’s board-appointed special litigation committee after an abrupt cancellation of a committee meeting with Dann and the plaintiffs’ attorney in the shareholder derivative litigation pending in the U.S. District Court for the...
To view the full article, register now.