UnitedHealthcare corporate headquarters in Minnetonka, Minnesota. Photo: Ken Wolter/Shutterstock
A federal judge didn't mince words on Tuesday when he denied UnitedHealth Group's motion for summary judgment in an ERISA class-action lawsuit, filed on behalf of the insurer's 200,000 current and former employees, alleging CFO John Rex interfered with the company's decision to drop "one of the worst-performing target date options in the entire market."
"Because a reasonable trier of fact [a group that determines which facts are available in a legal proceeding] could easily find that plaintiff Kim Snyder caught defendant UnitedHealth Group Inc. with its hand in the cookie jar, the court will substantially deny United's motion for summary judgment," said Judge John Tunheim of the U.S. District Court for the District of Minnesota.
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