$895 Preliminary Settlement Approved for UnitedHealth Group Securities Class Action

This is a settlement for the Securities/Stock Fraud lawsuit.

$895 Preliminary Settlement Approved for UnitedHealth Group Securities Class Action

A preliminary settlement has been approved in the stock options lawsuit against UnitedHealth Group Inc, for $895 million.

The settlement details of the securities class action would also have former CEO William McGuire pay $30 million and former general counsel David Lubben pay $500,000. Final approval is set for March 2009.

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Published on Dec-18-08

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READER COMMENTS

Posted by
Wisconsin
on January 13, 2009

It was a life threatening situation, the paramedics had to take me to the closest hospital, which was out of network.

I had to take out a loan to pay the bills, and could no longer afford health insurance after premium went up and I had to pay $150 a month for loan payment.

$895 Preliminary Settlement Approved for UnitedHealth Group Securities Class Action