The California Public Employees' Retirement System, the US pension fund pursuing a class action lawsuit against healthcare company UnitedHealth over a stock option scandal, wants a court to freeze the retirement payments due to outgoing chief executive William McGuire.
The papers, filed at a US District Court in Minnesota on Friday, call for the court to prevent McGuire from receiving the benefits of his 1999 employment agreement and freezing any stock option payments he has already received.