United health options backdating
An attempted merger with Humana collapsed in 1998 after UHG announced a 0 million charge against earnings related to restructuring costs.
During the following decade UHG continued its shopping spree with three huge purchases: Mid Atlantic Medical Services (.7 billion), Oxford Health Plans ( billion) and Pacifi Care Health Systems (.8 billion).
Grants of one million shares to Mc Guire and half a million to Hemsley in 1999 were likely backdated.by Philip Mattera Over the past four decades, United Health Group has grown into a managed-care behemoth with health plans covering some 27 million people in the United States.It also has an operation called Optum that provides specialty health services that it claims reach tens of millions more individuals.Shareholder derivative action filed on behalf of Plaintiffs the St.
Paul Teachers' Retirement Fund Association, the Public Employees' Retirement System of Mississippi, the Jacksonville Police & Fire Pension Fund, the Louisiana Sheriffs' Pension & Relief Fund, the Louisiana Municipal Police Employees' Retirement System and Fire & Police Pension Association of Colorado ("Public Pension Funds").
HCAN has tried to buy time to broadcast the video on CNN, but the network refuses to air it.