Caremark Supports Florida Attorney General's Motion to Intervene in Qui Tam Lawsuit.NASHVILLE, Tenn. -- Caremark Rx  The introduction to this article may be too long. Please help improve the introduction by moving some material from it into the body of the article according to the suggestions at , Inc. (NYSE NYSESee: New York Stock Exchange :CMX CMX Corel Presentation Exchange (file extension) CMX Cisco Mobile Exchange CMX Cloaca Maxima (sewage system of ancient Rome; Finnish rock band) CMX Crisis Management Exercise ) said that it supports a motion filed today by the Florida Attorney General The Florida Attorney General is an elected official in the U.S. state of Florida. The position has a four year term of office with a two term limit. Attorney General Term of Service Joseph Branch 1845 - 1846 Augustus E. Maxwell 1846 - 1848 James T. to intervene in a Qui Tam QUI TAM, remedies. Who as well. When a statute imposes a penalty, for the doing or not doing an act, and gives that penalty in part to whosoever will sue for the same, and the other part to the commonwealth, or some charitable, literary, or other institution, and makes it recoverable by lawsuit filed against the company. After a review of the relevant facts in the Qui Tam lawsuit filed against Caremark in 2003 by relators Michael Fowler Sir Edward Michael Coulson Fowler, known as Michael Fowler, (born 19 December 1929), is an architect, author and company director, and was the Mayor of Wellington from 1974 to 1983. He was born in Marton, and was educated at Christs College. and Peppi Fowler, the State of Florida Department of Legal Affairs (the Department), headed by the Florida Attorney General, today filed the motion to intervene. Caremark has strenuously refuted the allegations brought against the company by the relators and sought the Florida Attorney General's intervention. In the motion, the Department indicated that the State of Florida had received information arising from the relators' employment relationship with Caremark which causes the Department to believe that it, and not the relators, should direct the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. of this matter on behalf of the State of Florida. The Department also indicated that there is a strong possibility that one or more of the relators and the Department could soon be adversaries in an administrative proceeding involving professional regulation. Immediately following the filing of the Department's motion, Caremark today filed a separate motion to stay all discovery in this case on the basis that it would be inappropriate for the relators to continue participating in discovery until the court has ruled on the Department's motion to intervene. Filings containing these specific motions and other information about this case can be found once they are posted to the Leon County Florida Court of Clerks website at http://cvweb.clerk.leon.fl.us/. About Caremark Rx, Inc. Caremark Rx, Inc. is a leading pharmaceutical services company, providing through its affiliates comprehensive drug benefit services to over 2,000 health plan sponsors and their plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. throughout the U.S. Caremark's clients include corporate health plans, managed care organizations, insurance companies, unions, government agencies and other funded benefit plans. The company operates a national retail pharmacy network with over 55,000 participating pharmacies, seven mail service pharmacies, the industry's only FDA-regulated repackaging plant and 21 specialty pharmacies for delivery of advanced medications to individuals with chronic or genetic diseases and disorders. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the current expectations of management. There are a number of risks and uncertainties that could cause actual results to differ materially from the expectations of management. You are encouraged to consult the filings which Caremark Rx, Inc. makes with the Securities and Exchange Commission under both the Securities Act of 1933 and the Securities Exchange Act of 1934 for more information concerning such risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release. Additional information about Caremark Rx is available on the World Wide Web at www.caremarkrx.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion