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Pension Funds Sue UnitedHealth Over Options Backdating

By Ben James ( May 19, 2006, 12:00 AM EDT) -- In a move that underscores growing concerns among shareholders and regulators about stock-option grants, five pension funds filed a lawsuit Thursday against UnitedHealthGroup Inc. and 17 of the company's employees, claiming that executives unjustly profited from and harmed the company by backdating stock options....

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