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Pharmacy Class Action Lawsuit Will Target PBMs; Case Expected In Fall

Executive Summary

Pharmacy benefit management companies are preparing to defend pricing practices in response to a class action suit planned by independent pharmacies

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Pharmacy Freedom Fund sues PBMs

Pharmacy Freedom Fund files separate class action lawsuits against Medco and AdvancePCS in Philadelphia federal court Aug. 15. The suit on behalf of independent pharmacies alleges the pharmacy benefit management companies participated in anti-competitive behavior. PBMs have been anticipating the suit for over a year (1"The Pink Sheet" June 24, 2002, p. 23)...

Pharmacy Freedom Fund sues PBMs

Pharmacy Freedom Fund files separate class action lawsuits against Medco and AdvancePCS in Philadelphia federal court Aug. 15. The suit on behalf of independent pharmacies alleges the pharmacy benefit management companies participated in anti-competitive behavior. PBMs have been anticipating the suit for over a year (1"The Pink Sheet" June 24, 2002, p. 23)...

Pharmacy v. PBM lawsuit

Pharmacy Freedom Fund lawsuit against pharmacy benefit managers delayed until early 2003 while organization decides on optimal legal strategy. Group is likely to file two suits: (1) permanent injunction against the AdvancePCS, Express Scripts and Merck-Medco joint venture RxHub; and (2) multi-plaintiff private action or class action against PBMs on grounds of "restraint of trade" and price-fixing. Chicago law offices of Fewkes, Wentz & Strayer had expected to file a suit this fall (1"The Pink Sheet" June 24, p. 23)...

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