Defendant Name:
Health Net, Inc.
Defendant Type:
Public Company
Document Reference:
2016-164
Document Details
Legal Case Name
In the Matter of Health Net, Inc.
Document Name
Company Punished for Severance Agreements that Removed Financial Incentives for Whistleblowing
Document Date
16-Aug-2016
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On August 16, 2016, the SEC announced that Health Net, Inc. "has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from
the SEC's whistleblower program."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order