Search for: "UnitedHealth Group Inc"
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23 Dec, 2008 4:45 pm
Litigation Release No. 20836 / December 22, 2008 The Securities and Exchange Commission filed a civil injunctive action against UnitedHealth
Group Inc., a Minnetonka, Minnesota health insurance company, alleging that it engaged in a scheme to
backdate stock options. Without admitting or denying the allegations, UnitedHealth agreed to settle to charges that it violated the reporting,
[...]
4 Feb 8:00 am
January 13, 2009 UnitedHealth Group Inc. settled with the
New York State Attorney General Andrew Cuomo after a probe of the independence of its database used to set reimbursement rates for patients' medical bills. The ... skewed patient
reimbursement rates. He believes that the overcharges to consumers could range in the hundered of millions of dollars. The settlement forces UnitedHealth to shut down its Ingenix medical billing service and pay $50 million toward starting a new independent database ...
11 Sep, 2008 3:12 pm
... recovery ever obtained from an individual defendant in a securities class action. In re UnitedHealth Group Inc. PSLRA Litigation, No. 0:06-cv-01691 (D. Minn ... few months ago in the same case involving several other
executives and directors of UnitedHealth - the largest agreement to date involving stock options backdating claims. Separately, ... pension
funds in a derivative case involving the backdated stock options. In re UnitedHealth Group
Inc. Shareholder Derivative Litigation, No. 0:06-cv-01216 (D ...
20 Feb 1:54 pm
On February 19, the SEC, pursuant to Rule 102(e) of its Rules of Practice, issued an order (the Rule 102(e) Order) suspending former UnitedHealth Group, Inc. General Counsel David J. Lubben from appearing or
practicing before the Commission as an...
7 Sep, 2007 10:43 am
UnitedHealth Group will pay up to $20 million to settle with 36 states regarding the system
UnitedHealth used to pay claims. The company will also implement a "process improvement" plan with quarterly reporting required.
UnitedHealth will be trying to reduce its errors in the paying of claims, speeding up the process of paying claims, and improving the process
of customer complaints and appeals. If the company ...
3 Jul, 2008 11:11 am
... the largest involving stock options backdating claims in a class action. In re UnitedHealth Group
Inc. PSLRA Litigation, No. 0:06-cv-01691 (D. Minn.) ... funds in a derivative case involving its stock options backdating practices. In re
UnitedHealth Group Inc. Shareholder Derivative Litigation,
No. 0:06-cv-01216 (D. ... . Alaska Plumbing and Pipefitting Industry Pension Trust was the plaintiff class representative. UnitedHealth also
agreed to pay $17 million to resolve a related class action involving ...
16 Jan 6:34 am
Bloomberg News (1/15, Goldstein, Freifeld) reported, "UnitedHealth Group Inc., the biggest U.S. health insurer, said it will spend $400 million to settle allegations it has manipulated payments to doctors and patients for the last
15 years." UnitedHealth "agreed to put $350 million into a class-action restitution fund to pay physicians ... New York Times (1/16, B3,
Abelson) reports, "The insurance giant UnitedHealth Group said Thursday that it had reached a $350
million deal to settle class- ...
11 Feb 1:00 pm
... doctors associations from Texas and other states in suing health insurers Aetna Inc. and Cigna Corp. over a database they say was rigged to
underpay physicians ... excerpts from the article: The lawsuits heap more criticism on Ingenix Inc. data that already has cost UnitedHealth Group Inc. $350 million to settle a separate lawsuit
involving ... million to help set up a new database that will replace the one run by Ingenix. UnitedHealth also pledged last month to give $50
million toward the database's ...
30 Mar 6:20 am
... , chairman of the Senate Commerce, Science and Transportation Committee, wants answers at a hearing Tuesday from the chief executives of UnitedHealth Group Inc. and its subsidiary Ingenix Inc., a claims database used by insurers nationwide to calculate out-of-network rates." The inquiry follows lawsuits "alleging that UnitedHealth and Ingenix manipulated rate data so insurers had to pay less and patients more for out-of-network services." ...
30 Mar 6:20 am
... , chairman of the Senate Commerce, Science and Transportation Committee, wants answers at a hearing Tuesday from the chief executives of UnitedHealth Group Inc. and its subsidiary Ingenix Inc., a claims database used by insurers nationwide to calculate out-of-network rates." The inquiry follows lawsuits "alleging that UnitedHealth and Ingenix manipulated rate data so insurers had to pay less and patients more for out-of-network services." ...
9 Nov, 2006 2:25 am
UnitedHealth Group Inc. has been at the center of the
options-timing scandal, and the effect of the problems has forced the company to disavow its financial statements all the way back to 1994. UnitedHealth became a publicly-traded company in 1984,...
17 Aug, 2008 8:23 pm
The Wall Street Journal reports that the Minnesota Supreme Court on Thursday, August 14, 2008, said a federal judge has little leeway to review or reject a stock-options backdating
settlement between UnitedHealth Group Inc. and former Chief
Executive William McGuire,...
3 Jul, 2008 6:54 pm
UnitedHealth Group, Inc. (NYSE: UNH), a Minnesota-based
diversified health and well-being company, has announced the preliminary settlement of the securities class action pending against it in the D. of Minn. The case, originally filed in
2006, stems from allegations that...
18 Sep 6:14 pm
When it comes to sharp talk from the bench, Judge James Rosenbaum and the UnitedHealth securities class action is the gift that keeps on
giving. The court's latest decision - In re UnitedHealth Group Inc. PSLRA Litig., 2009 WL 2868399...
30 Sep, 2008 12:15 pm
In December 2007, the Race to the Bottom reported on the case In re UnitedHealth Group
Inc. S'holder Derivative Litig., 2007 U.S. Dist. LEXIS 94616 (D. Minn., Dec. 26, 2007 ). At that time, UnitedHealth's Special Litigation Committee ("SLC") approved a settlement with William McGuire, its CEO and chairman ... investigative procedures and
methodologies were adequate, appropriate, and pursued in good faith." In re United Health Group Inc.
S'holder Derivative Litig., In re United Health Group Inc ...
22 Jan 1:01 am
... , Northern District of Illinois, Eastern Division, granted summary judgment in favor of defendants UnitedHealth Group, Inc. and Pacificare Health Systems, Inc. on all claims in the
antitrust litigation with institutional pharmacy Omnicare, Inc. The Memorandum ... found by clicking here. In Omnicare's lawsuit filed on May
18, 2006, Omnicare alleged that defendants UnitedHealth and PacifiCare conspired, prior to their merger, in violation of the antitrust laws to
obtain the lowest possible price from ...
11 Apr, 2007 2:02 am
... . Well, this time we are rooting for the doctors! A new policy announced by mega-health insurer, UnitedHealth Group, Inc., threatens to fine doctors who refer patients to out-of-network laboratories for medical tests. Most
current health ... patients to out-of-network laboratories. The policy change appears to stem from a 10 year deal which UnitedHealth struck
with Laboratory Corp. of America to become its national in-network laboratory. The American Medical Association has demanded UnitedHealth ...
3 Jul, 2008 9:21 am
... Washington partner who chairs the firm's U.S. real estate practice group." FROM THE UPCOMING ISSUE | 'McNulty memo' triggers an ultimatum
"A key senator's recent ... suggests how to keep prices high. The suit combines at least 51 separate civil antitrust actions against Nvidia Inc. and Advanced Micro Devices/ATI Technologies ... agrees to settle federal class action over backdating with $895M payment "UnitedHealth Group Inc., the Minneapolis-based health care provider that
was sued over about $2 billion ...
6 Feb, 2008 2:18 am
... " Practice Area. More litigation of this sort continues in a number of courts, with the next case likely to see a decision being UnitedHealth Group Inc. v. Wilmington Trust Co. in the U.S. District Court
for the District of Minnesota. Moodys recently ... Current or Future Periods - "Degree of Difficulty" Disclosure Concerning Performance Targets - Benchmarking Disclosures Naming Peer
Group Companies - Presenting Two Years of Compensation Data and Related CD&A Disclosure - Dealing with FAS ...
11 Apr, 2007 7:59 am
... Freeman, Freeman & Salzman. The Jenner & Block press release states: Among the many accomplishments of the group are its successful
representation of major corporations in suits to recover damages against foreign cartels for fixing the prices ... offered to hospitals and managed care entities. … Currently the
group is involved in the prosecution of a complex antitrust action on behalf of Omnicare, Inc.
against UnitedHealth Group, Inc., which is pending in the
Northern District of Illinois.
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