Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Medco class settlement remanded for review

Executive Summary

A trial judge must determine whether the lead plaintiffs in a $42.5 mil. class action settlement with Medco had standing to bring the action, a New York-based federal appeals court ruled Dec. 8. The lower court failed to determine whether plaintiffs had demonstrated the required "injury-in-fact" necessary to gain standing to claim that Medco violated its fiduciary obligations, the appeals court said. The settlement, which was reached in 2002, faces objections from self-funded benefit plans that were Medco clients (1"The Pink Sheet" Dec. 16, 2002, p. 14)...
Advertisement

Related Content

Topics

Advertisement
UsernamePublicRestriction

Register

PS046683

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel