CalPERS lead plaintiff in suit

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US - The California Public Employees' Retirement System (CalPERS) has been appointed sole lead plaintiff in a class action lawsuit against UnitedHealth Group over its stock-option grant practices.

The decision was taken by US magistrate judge Franklin Noel. CalPERS will be managing the case and monitoring developments for other plaintiffs. The US$213bn fund held approximately 6.6 million Un...

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