UnitedHealth CEO Pays Out $30M In Options Case

Law360, New York (September 10, 2008, 12:00 AM EDT) -- The former chief executive of UnitedHealth Group Inc., William McGuire, has agreed to pay $30 million to settle a securities class action that accused him of options backdating.

That total will be added to an $895 million settlement the plaintiffs in the case reached in July with the company and 16 of its other officers and directors.

Under the settlement, which is still subject to court approval, McGuire will also return about 3.7 million shares of stock options currently valued at more than $100 million....
To view the full article, register now.