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Judge gives preliminary OK for UnitedHealth backdating settlement

A federal judge has given preliminary approval to a more than $900 million settlement in the shareholder lawsuit over alleged stock backdating at UnitedHealth Group, the Associated Press reports. Under the deal, the company would pay $895 million, and former CEO William McGuire would hand over $30 million and return 3 million shares from his stock options. UnitedHealth General Counsel David Lubben, also a defendant, would pay $500,000.

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