National Law Journal Features Jerry Silk on Stock Options Backdating Litigation Initiatives
June 5, 2006In an article entitled "’Backdated Suits are in Pipeline," The National Law Journal ("NLJ") highlights BLB&G’s recent filing of a shareholder derivative suit against UnitedHealth Group Inc. over stock-options backdating. “I imagine there will be other lawsuits in the near future on behalf of our institutional client base,” comments BLB&G Partner Jerry Silk, lead attorney in the case.
The article discusses the flurry of new cases being filed, similar to the UnitedHealth Group, Inc. Shareholder Derivative Litigation, where executive officers and members of the Boards of Directors of public companies are accused of obtaining, approving, or agreeing to the issuance of unlawfully backdated stocks to senior executives, thereby inflating the compensation of these executives.
On behalf of the five public pension funds it is representing in UnitedHealth, BLB&G is asking that $2 billion in unexercised stock options granted to two executives from 1997 to 2002 be returned to the company.
Also of Interest
The National Law Journal Profiles BLB&G as Winner of Securities Litigation Elite Trial Lawyers Award
The National Law Journal Names John Browne a 2019 “Litigation Trailblazer”
The National Law Journal Names John Rizio-Hamilton and Katie Sinderson 2020 Plaintiffs’ Lawyers Trailblazers
The National Law Journal Honors BLB&G as “Elite Trial Lawyers” Securities Litigation Award Winner
The National Law Journal Names Mark Lebovitch and Jeroen van Kwawegen 2018 Plaintiffs’ Lawyers Trailblazers
The National Law Journal Names Max Berger a Litigation Trailblazer
The National Law Journal Names Salvatore Graziano and Hannah Ross 2019 Plaintiffs’ Lawyers Trailblazers
BLB&G Partner Hannah Ross Named One of “Elite Women of the Plaintiffs Bar” by The National Law Journal
November 19, 2019
BLB&G Named “Elite Trial Lawyers” Securities Litigation Award Winner By The National Law Journal
BLB&G Again Named Finalist for The National Law Journal’s “Elite Trial Lawyers” Securities Litigation Award