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CVS Health in $48 million settlement of lawsuit over stock plunge

2015-09-16 18:38:26| Biotech - Topix.net

The all-cash settlement with investors led by three Massachusetts public pension funds was disclosed in a Monday filing with the federal court in Providence, Rhode Island. CVS' share price tumbled 20.1 percent on Nov. 5, 2009, after the company, then known as CVS Caremark, revealed the loss of contracts representing about $4.5 billion of annual revenue.

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Category:Biotechnology and Pharmaceuticals

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