UnitedHealth Avoids Stock Option Suit, But Unit’s CEO Doesn’t

UnitedHealth Group Inc. and its information-oriented subsidiary, CentrifyHealth inc., are off the hook for allegedly depriving a former CentrifyHealth director of millions of dollars in shares and options when the companies merged, the Delaware Chancery Court ruled.

But claims may proceed against Dr. Ralph Korpman, the founder and current CEO of CentrifyHealth, which does business as CentriHealth, the court said April 25.

Ex-director Richard Forman alleges he lost out on promised stock options and a 1 percent equity stake. Korpman allegedly told Forman he was entitled to 1 percent of CentriHealth in “founder’s shares” for “active participation as a board ...