• Company
  • Description
  • Recovery Amount
  • UnitedHealth
  • In re UnitedHealth Group Incorporated Shareholder Derivative Litigation

 

District of Minnesota

G&E represented three public pension funds as lead plaintiffs in a derivative and class action suit in which G&E successfully challenged $1.2 billion in back-dated options granted to William McGuire, then-CEO of health care provider UnitedHealth Group (“UHG”). This was among the first – and most egregious – examples of options backdating. G&E’s case against UHG produced a settlement of $922 million, the largest settlement in the history of derivative litigation in any jurisdiction.