A PYMNTS Company

Express Scripts asks court to throw out lawsuit blocking Medco acquisition

By  |  April 9, 2012

Express Scripts has asked U.S. District Judge Cathy Bissoon to dismiss a lawsuit seeking to block its acquisition of Medco. The lawsuit was brought by pharmacy trade groups before the FTC had approved the deal on April 2. Plaintiffs include the National Association of Chain Drug Stores, the National Community Pharmacists Association, and nine retail pharmacy companies. After FTC approval, the pharmacy groups filed an emergency request to hold separate Medco’s assets and operations. Express Scripts and Medco argue that the plaintiffs had inexcusably delayed filing a lawsuit.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Bloomberg

     

    Related content: New Horizontal Merger Guidelines Indicate Greater Scrutiny of High Tech and Pharmaceutical Transactions (Janet McDavid & Eric Stock, Hogan Lovells)