Preliminary Approval Of $20M Omnicare Securities Class Action Settlement Granted

Mealey's (March 26, 2019, 1:42 PM EDT) -- COVINGTON, Ky. — A proposed $20 million securities class action settlement between investors and a company that provides pharmaceutical care to the elderly and certain of its senior executives has sufficiently met all statutory requirements for preliminary approval, a federal judge in Kentucky ruled March 21 in granting preliminary approval of the proposed settlement (Indiana State District Council of Laborers and Hod Carriers Pension and Welfare Fund v. Omnicare Inc., et al., No. 06-0026, E.D. Ky.)....