A recent development in a class-action lawsuit against UnitedHealth Group (UHG) uses emails from the company's CFO as evidence that the insurance giant favored Wells Fargo in its retirement portfolio, against the best interest of UHG's stockholders.
The lawsuit involves the fiduciary duties of UHG to its retirement plan members, which include approximately 200,000 current and former employees and beneficiaries. The case, Kim Snyder v. UnitedHealth Group is being heard in the U.S. District Court for the District of Minnesota, the state where UHG has its headquarters.
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