CVS To Pay $48M To End Investor Suit Over Stock Drop

By Kurt Orzeck · September 15, 2015, 7:23 PM EDT

CVS Caremark Corp. has agreed to pay $48 million to settle a securities class action in which government retirement systems accused the company of making misleading statements about a multibillion-dollar loss...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Memorandum in Support

Case Information

Case Title

Medoff v. CVS Caremark Corporation et al

Case Number

Court

Rhode Island

Nature of Suit

Stockholders Suits

Date Filed

November 17, 2009

Recent Articles By Kurt

September 21, 2016
IRS Not Liable For New York Presbyterian FICA Settlement
September 09, 2016
Clinics Wants Quinn Emanuel Sanctioned In FCA Fight
September 01, 2016
Omnicare Asks To Appeal $421M FCA Suit To 1st Circ.
August 30, 2016
Doc Loses 7th Circ. Appeal In Medicare Overbilling Fight
August 24, 2016
CannonDesign To Pay $12M To End Criminal Claims In VA Suit
August 16, 2016
9th Circ. Affirms Toss Of NuBone Safety Claims
August 08, 2016
Nurses Seek Approval Of $3.77M Deal In Calif. Wage Suit
July 19, 2016
Icahn Urges 2nd Circ. To Affirm Toss Of Insider Trading Suit
July 18, 2016
Dignity Health Tries To Dodge Transgender Surgery Denial Suit
July 06, 2016
Calif. Childhood Vaccination Law Opponents Sue State