In the latest twist in the stock-option backdating story, UnitedHealth Group said that it may have to restate earnings for the past three years. That could cost the company as much as $286 million. Meanwhile, the health services giant admits in a regulatory filing that it is the object of an "informal" SEC probe into its stock option granting processes. UnitedHealth shares fell $1.70 to $44.47 in morning trading.
- read this The Wall Street Journal article [1] (sub. req.)
Links:
[1] http://online.wsj.com/article/SB114734563729450037.html?mod=home_whats_news_us