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CVS Health Corporation (CVS)

NYSE:CVS

Summary

Faruqi & Faruqi, LLP is Investigating CVS Health Corporation (CVS) on Behalf of its Shareholders

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at CVS Health Corporation (“CVS” or the “Company”) (NYSE:CVS).

The investigation focuses on whether the Company’s Board of Directors and its officers committed mismanagement and breached their fiduciary duties.  On August 7, 2017, a class action complaint was filed in the United States District Court, District of Rhode Island, against CVS alleging violations of (a) the Employee Retirement Income Security Act of 1974 (“ERISA”), (b) violations of state law and (c) violations of the Racketeering Influenced and Corrupt Organizations Act (“RICO”).  The complaint alleged that CVS participated in a fraudulent scheme to overcharge for certain generic pharmaceuticals by: (i) deliberately charging customers who use their insurance more for certain generic pharmaceuticals as compared to those customers who pay cash or simply do not use their insurance, and (ii) overcharging customers by collecting “co-pays” that exceed the pharmacists’ price and profit and subsequently remitting the excess payments to large pharmacy benefit managers.

Take Action

If you currently own CVS stock and have continuously owned CVS stock and would like to discuss your legal rights, please fill out the form below.  You can also contact us by calling Nina Varindani or Stuart Guber toll free at (212) 983-9330 or by sending an e-mail to nvarindani@faruqilaw.com or sguber@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding CVS’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information on how to join the Action.

  • Company:
    CVS Health Corporation (CVS)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Stuart J. Guber
Nina Varindani
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/10/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.