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").And he lives in a lakeside mansion in suburban Wayzata, Minnesota, valued at .6 million by the Hennepin County Assessor.Last Thursday, fifty protesters, holding umbrellas and candles, stood outside Helmsley's mansion in the rain and screened a video that contrasted his exorbitant income and lifestyle, and United Health's huge profits, with the millions of Americans who go without insurance or bankrupt themselves with medical bills.HCAN has tried to buy time to broadcast the video on CNN, but the network refuses to air it.And no reporters or TV cameras showed up Thursday at the vigil outside Hemsley's house.Choosing a date back when the share price was lower makes the option more profitable if the company's share price rises.The upheaval at United Health Group comes a few days after the company's board members saw the damning conclusions of an investigation by an outside law firm looking into backdating.
July 1, 2009 - Court Grants Final Approval of Settlement in United Health The final settlement approval hearing took place on February 13, 2009, and the Court approved the settlement on July 1, 2009.
This action is brought in the name and for the benefit of United Health Group, Inc.
("United Health" or the "Corporation") against certain current and former executive officers and members of the Board of Directors of United Health.
Although nearly all its business is in the United States, UHG is now operating in Brazil as well.
Like other managed care providers, UHG has been involved in numerous controversies over the quality of its coverage and was one of the targets of a series of class action lawsuits.