Lead Plaintiffs Reach $48M Settlement With CVS In Securities Class Action
(September 17, 2015, 12:10 PM EDT) -- PROVIDENCE, R.I. — Lead plaintiffs in a securities class action lawsuit on Sept. 14 asked a federal judge in Rhode Island to preliminarily approve a $48 million settlement with CVS Caremark Corp. and certain of its executive officers over alleged misrepresentations made regarding CVS’s 2007 merger with Caremark Rx Inc. (Richard Medoff v. CVS Caremark Corp., et al., No. 09-0554, D. Rhode Island).
(Motion for preliminary approval of settlement available. Document #57-150921-044B.)
Lead plaintiffs City of Brockton Retirement System, the Plymouth County Retirement System and the...