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Biotech / Medical : United Health Group

UNH 341.56

-0.9%

Oct 31 9:30 AM EST

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From: JakeStraw	8/29/2006 10:46:33 AM
	of 10

Troubled UnitedHealth gets default notice on debt biz.yahoo.com Tuesday August 29, 10:37 am ET UnitedHealth Group Inc. reported in a securities filing Monday that it received a notice stating that the company is in default on certain debt. The notice arrived in response the health insurer's earlier announcement that it would miss a deadline for a securities filing, news that has already led several rating firms to downgrade the Minnetonka-based company. In Monday's securities filing, the UnitedHealth did not disclose the amount of debt or who filed the default notice. It did, however, deny the charge. "The company believes it is not in default and intends to defend itself vigorously," UnitedHealth (NYSE: UNH) said in the filing. Although the company's announcement that it would miss the filing deadline has been its latest source of problems, UnitedHealth is also mired in an investigation into backdating of its stock options.

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