Vacatur Of $122M Arbitration Award Denied In Insurance Fraud Suit Over Drug Pricing

(August 7, 2023, 2:09 PM EDT) -- LOUISVILLE, Ky. — A Kentucky federal judge on Aug. 4 denied Rite Aid’s request to vacate a $122,564,346 arbitration award against Rite Aid in Humana’s suit seeking to confirm the award, finding in part that the arbitrator did not disregard the law related to claims against Rite Aid for breach of contract and fraud regarding its usual and customary (U&C) pricing....