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Latest William McGuire Stories

2008-07-02 18:00:11

By Jon Ortiz, The Sacramento Bee, Calif. Jul. 2--The California Public Employees' Retirement System this morning reached a $895 million settlement in a 2-year-old class-action lawsuit against UnitedHealth Group, a Minneapolis-based health insurer, over the backdating of stock options. The settlement is believed to be the largest of its kind. CalPERS and Alaska Plumbing and Pipefitting Industry Pension Trust were the lead plaintiffs in a the lawsuit filed in Minnesota federal court over...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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