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Attorneys Seek $110 Million in Fees in UnitedHealth Group Options Backdating Settlement. http://is.gd/iPMW # WSJ: SEC Expected to Name Khuzami Enforcement Director. http://is.gd/iSWh
Brazil: Regulator CVMs Probing Possible Insider Trading in Banestes SA
Brazilian regulator Comissao de Valores Mobiliarios (known as CVMs) has opened a probe into trading in the securities of Banestes SA – Banco do Estado do Espirito Santo SA, a regional bank, in advance of an announcement that it is in acquisition discussions. Bloomberg reports that Banestes shares surged 36 percent in four days prior […]
Attorneys Seek $110 Million in Fees in UnitedHealth Group Options Backdating Settlement
Attorneys for shareholders of UnitedHealth Group (UNH) have requested attorneys’ fees of $110 million in connection with the recent $925.5 million settlement of a lawsuit alleging improper backdating of stock options. The Star Tribune reports that UnitedHealth agreed in July to pay $895 million to settle the suit, and former CEO William McGuire agreed two […]