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I already reported on the UnitedHealth (NYSE:UNH) Board's gross incompetancy on May 12. Now, more trouble is brewing for the company.

Yesterday, UnitedHealth announced that the US Attorney for the Southern district has served a subpeona for all documents related to the granting of stock options. The IRS is also asking for related tax information for all officers named in the annual proxy.

It's not surprising that it happened, just that it took so long. Given the size of the matter, how can senior executives run the company and defend themselves? White knight or black knight needed immediately.

UNH 1-yr chart:

UNH 1 yr

Source: Grim Prognosis: UnitedHealth Problems Continue (UNH)