Cases

UnitedHealth

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.

Company
UnitedHealth
Case Name
In re United Health Group Incorporated Shareholder Derivative Litigation
Settlement
$922 Million
Court
District of Minnesota

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