Legal Opinion

In Re UnitedHealth Group Inc. Shareholder Derivative Litigation

Supreme Court of Minnesota

Decided August 14, 2008No. A08-114PublishedCited by 40 opinions

1Opinion of the Court

OPINION

ANDERSON, G. BARRY, Justice.

This case arises from a certified question from the United States District Court for the District of Minnesota regarding the extent to which a court, in deciding whether to approve a proposed settlement of a shareholder derivative action, must defer to the decision of a special litigation committee “SLC” that the derivative action should be settled on specific terms.

In 2006 the Wall Street Journal reported that executives at various U.S. corporations received stock options on dates that coincided with a low price (or, in some cases, the lowest price for a…

2Cases cited35 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
  3. Hanna v. PlumerSupreme Court of the United States · 1965
  4. Dataphase Systems, Inc. v. C L Systems, Inc.Court of Appeals for the Eighth Circuit · 1981
  5. Gasperini v. Center for Humanities, Inc.Supreme Court of the United States · 1996

30 more not listed; retrieve them via the Exa API.

3Cited by40 opinions

  1. Lyon Financial Services, Incorporated, d/b/a U.S. Bancorp Business Equipment Finance Group v. Illinois Paper and Copier CompanySupreme Court of Minnesota · 2014
  2. Jackson v. Mortgage Electronic Registration Systems, Inc.Supreme Court of Minnesota · 2009
  3. Boland v. BolandCourt of Appeals of Maryland · 2011
  4. J.E.B. v. DanksSupreme Court of Minnesota · 2010
  5. State Farm Mutual Automobile Insurance Company v. Angela Mary Lennartson, Katie FossSupreme Court of Minnesota · 2015

35 more not listed; retrieve them via the Exa API.

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