UnitedHealth Group, Inc. v. Wilmington Trust Co.

548 F.3d 1124 (2008)

From our private database of 47,000+ case briefs, written and edited by humans—never with AI.

UnitedHealth Group, Inc. v. Wilmington Trust Co.

United States Court of Appeals for the Eighth Circuit
548 F.3d 1124 (2008)

Facts

UnitedHealth Group, Inc. (UHG) (plaintiff) issued $850 million in notes pursuant to an indenture under which Wilmington Trust Co. (defendant) was the trustee. UHG was required by law to make periodic financial filings with the Securities and Exchange Commission (SEC). The trust indenture also included a provision stating that UHG was required to send copies of the SEC filings to Wilmington Trust within 15 days of filing. UHG was late in filing its second-quarter form 10-Q. This triggered a requirement to submit a 12b-25 notification of late filing. UHG filed the 12b-25 with the SEC in a timely manner and forwarded a copy to Wilmington Trust within 15 days. However, a group of noteholders sent a notice of default to UHG, asserting that UHG’s failure to file a timely 10-Q constituted a breach of the indenture provision regarding SEC filings. UHG brought an action in federal district court, seeking a declaratory judgment that no violation of the indenture had occurred. Wilmington Trust counterclaimed for breach of contract, breach of the implied covenant of good faith and fair dealing, and violation of the Trust Indenture Act of 1939. The court granted summary judgment in favor of UHG. Wilmington appealed. The United States Court of Appeals for the Eighth Circuit granted certiorari.

Rule of Law

Issue

Holding and Reasoning (Murphy, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 899,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

Here's why 899,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 47,000 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 899,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 47,000 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership