UnitedHealth Group Inc. (NYSE: UNH) became one of the most prominent players in an options backdating scandal where award dates were altered to make them more profitable for executives.
In December, former UnitedHealth CEO William McGuire agreed to give-up a staggering $420 million in addition to $200 million he had already returned.
Now, according to the
WSJ:
The Minnesota Supreme Court on Thursday said a federal judge has little
leeway to review or reject a stock-options backdating settlement
between UnitedHealth and former Chief Executive William McGuire, increasing the likelihood that the deal will be approved.