Breach of Stock Purchase Agreement
In October 2003, Health Net and subsidiary Foundation Health Corporation entered into a settlement agreement with Superior National Insurance Group to settle claims that “FHC made certain misrepresentations and/or omissions in connection with the sale of Business Insurance Group (BIG) and breached the stock purchase agreement governing the sale.” As part of the settlement agreement, Health Net agreed to pay the plaintiff $132 million.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Settlement
|Health Net, Inc.||$137,000,000|