UHG Not In Default For Late SEC Filing: 8th Circ.

Law360, New York (December 2, 2008, 12:00 AM EST) -- Publicly traded UnitedHealth Group Inc. didn't violate a contract with holders of $850 million in notes by missing a U.S. Securities and Exchange Commission filing deadline amid a probe into alleged options backdating, an appeals court has affirmed.

On Monday, the U.S. Court of Appeals for the Eighth Circuit affirmed a district court's decision in favor of UHG, which had sued the noteholders seeking a declaration that its late SEC filing didn't constitute a default on the notes.

The U.S. District Court for the District of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.