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13 Mar 2011, 9:50 pm by Ben Vernia
On February 24, the Fifth Circuit Court of Appeals partially reversed a district court’s dismissal of claims brought by the federal and several state governments against Caremark, Inc., a large pharmacy benefit manager (PBM). [read post]
19 Apr 2011, 3:59 am by Dan Hargrove
From the DoJ:CVS Pharmacy Inc., the retail pharmacy division of CVS Caremark Corporation that operates more than 7,000 retail pharmacies in 41 states and the District of Columbia, has agreed to pay the United States and 10 states $17.5 million to resolve False Claims Act allegations, the Justice Department announced today. [read post]
21 May 2021, 5:54 am
Once a Caremark claim survives a pleadings motion, it becomes a vehicle for extensive discovery and takes on substantial settlement value, even if not ultimately meritorious. [read post]
20 Jan 2021, 2:21 pm by Kevin LaCroix
  Background Delaware’s courts first recognized that corporate directors have an affirmative duty to monitor their company and can be liable for failures of oversight in the 1986 Delaware Chancery Court opinion, In re Caremark International Inc. [read post]
3 Apr 2007, 6:20 am
  PBM competitor Express Scripts Inc. also expressed an interest in acquiring Caremark prior to finalization of the CVS-Caremark deal.[11]  A deal between Caremark and Express Scripts would have resulted in a combination two of the top PBMs - or a horizontal integration deal.[12]  Yet, Caremark's "refusal to permit confirmatory due diligence by Express Scripts"[13] appears to send a clear message that… [read post]
13 May 2009, 8:00 am
Heard is a serves on the board of Sovereign Bancorp and BioSphere Medical Inc., while director Piccolo is also a director for NovaMed, Inc. and MedAssets, Inc. [read post]