UnitedHealth CEO's Options Freeze Extended

Law360, New York (July 30, 2007, 12:00 AM EDT) -- A judge has extended an order that blocks former UnitedHealth Group Inc. CEO William McGuire from exercising his stock options until a special litigation committee can determine whether the company should file claims against the ousted executive.

Judge James M. Rosenbaum of the U.S. District Court for the District of Minnesota on Monday extended the order until Oct. 15. He added, however, that UnitedHealth was free to pay McGuire up to $3 million out of an executive savings plan.

Meanwhile, the special litigation committee, which consists...
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