CalPERS recovers $30m from former UNH CEO

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US - CalPERS has recouped $30m from former UnitedHealth Group (UNH) chief executive officer William McGuire; the largest cash recovery ever obtained from a single defendant in a securities class action lawsuit.

The $232bn California Public Employees Retirement System (CalPERS) entered into the proposed settlement of its class action lawsuit with McGuire, who has agreed to pay $30m to UNH shareowners. T...

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