SEC Probes Backdating At UnitedHealth

Law360, New York (May 11, 2006, 12:00 AM EDT) -- Healthcare provider UnitedHealth Group Inc. may restate revenues up to $286 million due to its options dating practices, which have also recently come under fire from the U.S. Securities and Exchange Commission.

UnitedHealth said in a filing with the SEC that it may be forced to record additional charges as a result of compensation expenses. The company said these charges could result in a reduction of net earnings by $150 million in 2005, $84 million in 2004, and $52 million in 2003.

The SEC has begun...
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