UnitedHealth backdating suit granted class action

A federal judge in Minnesota on Tuesday granted class action status to a shareholder suit over stock options backdating at UnitedHealth Group. The class will include people who bought UnitedHealth shares between Jan. 20, 2005, and May 17, 2006, although those dates could change. An attorney for the lead plaintiff, the California Public Employees Retirement System, says the loss for all shareholders is in the billions. The attorneys in the case have been told to be ready for trial July 1.

A federal judge on Tuesday granted class action status to a shareholder lawsuit over stock options backdating at UnitedHealth Group Inc.

Attorneys have been told to be ready for trial July 1.

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UnitedHealth backdating suit granted class action

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