Ex-UnitedHealth CEO To Pay $800M In Settlements

Law360, New York (December 6, 2007, 12:00 AM EST) -- The embattled former chief executive of UnitedHealth Group Inc. agreed to give up over $800 million on Thursday to bury various charges that he took advantage of backdated stock options.

The $468 million that William McGuire, the company's former CEO and chairman, agreed to pay to resolve charges by the U.S. Securities and Exchange Commission is the largest sum the agency has every levied against an individual in an options backdating case.

McGuire will surrender another $320 million worth of UnitedHealth stock options to settle derivative...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.