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3/07/2007
United Health Group to Restate $1.5 Billion
United Health Group to Restate $1.5 Billion
United Health disclosed last year that they would have some 'splainin to do regarding their stock options grants. The announcement was accompanied by the resignation of CEO, William McGuire. While and SEC investigation is still pending, the company has adjusted its accounting to correct the price of the questionably dated options, effectively eliminating the backdating. Further details here on United Health Group's restatement.
-- MDT
-- MDT
Labels: backdating, SEC, stock options, United Health Group
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