Home

UnitedHealth Fraud a Symptom of Sick Economy
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Since the severe economic downturn of 2008, securities-fraud class-action suits have increased tremendously and show no signs of slowing down.  Last year, UnitedHealth Group‘s massive $925.5 million dollar settlement brought the grand total to just over $3.8 billion.  Laura Simmons, a Cornerstone researcher and a professor at the Mason School of Business at the College of William & Mary in Williamsburg, Virginia, noted that settlements last year did not even account for the downturn of 2008 and are more representative of class-action suits brought between 2004 and 2006.

In 2009 the average class-action securities settlement was $39 million, up from $28 million in 2008, according to the Cornerstone study.

A majority of these suits included purported violations of widely agreed upon accounting practices.  Twenty six percent of the class-action securities-fraud plaintiffs were represented by San Diego firm, Coughlin Stoia Geller Rudman & Robbins LLP, during the last 2 years.  It was Coughlin who took on the UnitedHeath case.  UnitedHeath was accused of secretly giving backdated stock options to executives.

  
What
Where




 

RELEVANT JOBS

Associate Attorney

USA-MN-Minneapolis

This position involves significant daily contact with clients and regular contact with outside attor...

Apply now

Intellectual Property Legal Administrator, Office of General Counsel

USA-MA-Brookline

Intellectual Property Legal Administrator, Office of General Counsel Dana-Farber Cancer Institute ...

Apply now

Administrative Assistant / Paralegal

USA-IL-Chicago

Administrative Assistant / Paralegal Job Description: * Provide administrative and paralegal s...

Apply now

Litigation Attorney

USA-CA-Los Angeles

Excellent opportunity for a full-time, experienced litigation attorney (minimum 5 years) to join our...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Saint Petersburg

Saint Petersburg office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate atto...

Apply Now

Litigation Associate Attorney

USA-NV-Las Vegas

Las Vegas office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorney wi...

Apply Now

Immigration Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks immigration attorney 3-5 years of experience. The candidate w...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top