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Law Practice

Sep. 12, 2008

Former CEO Coughs Up Record Payout

The former CEO of UnitedHealth Group, one of the nation’s largest health insurers, agreed Wednesday to pay $30 million and to forfeit 3.7 million unexercised stock options in what likely marks the largest cash payout by an individual to settle securities fraud claims with shareholders.

By Gabe Friedman
Daily Journal Staff Writer
This article appears on Page 1

      The former CEO of one of the nation's largest health insurers agreed Wednesday to pay $30 million and to forfeit 3.7 million unexercised stock options in what likely marks the largest cash payout by an individual to settle securities fraud claims with shareholders.
      William McGuire stepped down as c...

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