Lawsuits hit UnitedHealth29th May 2006
UnitedHealth Group, one of the largest US companies embroiled in a widening stock option disclosure investigation, has been hit with lawsuits from two state pension funds.
Federal prosecutors and the Securities and Exchange Commission are investigating several companies after the discovery of a pattern showing companies had awarded their executives options that were priced at levels that preceded a sudden jump in share price. These latest lawsuits, which question the timing of stock options awarded to UnitedHealth's chairman and chief executive, testify to mounting shareholder anger over the issue.
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Title: Lawsuits hit UnitedHealth
Author: Luke Sturgess-Durden
Article Id: 353
Date Added: 29th May 2006