UnitedHealth Shareholders: Freeze McGuire Assets

Law360, New York (November 29, 2006, 12:00 AM EST) -- Shareholders of health care provider UnitedHealth Group Inc. have asked a judge to freeze the assets of former CEO William McGuire until the conclusion of the options backdating scandal that has engulfed the company.

UnitedHealth shareholders requested that a federal court freeze McGuire’s assets until the numerous suits filed against the company have been resolved.

Attorneys for the shareholders argued that the court should block McGuire’s access to the funds to ensure that the money will be there in the event that the shareholders win their...
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