Reforms Part Of $925M UnitedHealth Deal

Law360, New York (November 25, 2008, 12:00 AM EST) -- The plaintiffs that reached a $925.5 million settlement with UnitedHealth Group Inc. and two of its former executives are asking a judge to approve the deal, which they say is more than twice as large as the recovery in all other stock option backdating cases combined and includes several corporate governance reforms.

In a motion filed Monday in the U.S. District Court for the District of Minnesota, counsel for lead plaintiffs California Public Employees' Retirement System, told the judge that UnitedHealth has additionally agreed to implement...
To view the full article, register now.