Medco May Face Turbulence From U.S. Government Suit Friday, November 26, 2004 By Barbara Martinez The Wall Street Journal Since last year, when the Justice Department filed a civil lawsuit against Medco Health Solutions Inc. accusing the company of defrauding the government, the stock price of the pharmacy-benefits manager has climbed more than 40 percent. Medco has said the government has scant evidence to support the allegations, leading many Wall Street analysts and investors to shrug off the case. In April, investors were reassured when Medco paid a relatively small $30 million to end investigations by more than 20 state attorneys general and settled a part of the federal government's case. Then in September, Medco issued a statement announcing, "Judge Dismisses Portion of Federal Lawsuit," and quoting Medco's general counsel saying the "ruling represents positive progress in Medco's vigorous defense." Full article > Welcome | Latest News | Your Legislator | Mail Order | Questions Contact Us | Petition | Links Coalition for Quality Healthcare "Upholding high standards of personal service, assuring full access to consumer options and preserving the traditional contributions of local pharmacies to the state's economy" © Copyright 2004 Coalition for Quality Healthcare. All rights reserved.

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