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December 13, 2024 | Law.com

Antitrust Class Actions Against CVS, Other Pharmacy Benefit Managers Are Piling Up

Plaintiffs, independent pharmacies, claimed the defendants "have vertically integrated" with health care giants such as insurance companies, health care providers, drug private labelers and others. As a result, the complaints say, pharmacy benefits managers use anticompetitive methods to suppress reimbursements for discount card payments, which allegedly causes stand-alone pharmacies to suffer and even go out of business.
4 minute read
December 11, 2024 | New York Law Journal

A New Era of Enforcement on 10b5-1 Trading Plans: Implications of United States v. Peizer

The authors write "This past June the U.S. Department of Justice (DOJ) secured its first insider trading conviction relating to the defendant’s use of a Rule 10b5-1 trading plan. The jury’s verdict in United States v. Peizer marks a major milestone in securities law enforcement. In particular, the Peizer case puts pressure on the defense that 10b5-1 plans provided corporate insiders. Separately, the verdict suggests a new era of enforcement priorities and tactics, and provides instructive insights for practitioners and professionals."
8 minute read
November 20, 2024 | New York Law Journal

New York Financial Services Watchdog Adopts Rules to Rein In Prescription Benefit Managers

New York State Department of Financial Services Superintendent Adrienne Harris said new regulations will help protect New Yorkers’ access to prescription drugs, prohibit business practices that increase the cost of those drugs, and ensure that small, independent pharmacies compete on a level playing field with large pharmacies affiliated with pharmacy benefit managers, who decide the availability of prescription drugs and their costs.
3 minute read
November 20, 2024 | Corporate Counsel

Health Care Giants Sue FTC, Allege Lina Khan Using Loaded Process to Vilify Pharmacy Benefit Managers

CVS, Cigna and UnitedHealth are firing back at the FTC in the wake of an administrative complaint the agency filed in September accusing their PBMs of artificially inflating insulin prices through a process it likened to "bribes."
3 minute read
November 20, 2024 | Corporate Counsel

Corporate Counsel's 2024 Award Winners Performed Legal Wizardry, Gave a Hand Up to Others

Honorees received their trophies on Nov. 13 at The American Lawyer Industry Awards in New York City.
2 minute read
Law Journal Press | Digital Book Florida Construction Defect Litigation 2025 Authors: Gary L. Brown View this Book

View more book results for the query "Cigna"

November 15, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout-Outs

Runners-up this week include trial teams at Patterson Belknap and Susman Godfrey.
6 minute read
October 23, 2024 | Legaltech News

Antitrust at a Crossroads: How the 2024 Election Could Shift the Economic Balance

"Despite both candidates keeping policy cards close, one truth remains clear from the history: Antitrust scrutiny will persist, regardless of who wins," writes Joey Seeber, CEO of Level Legal.
6 minute read
September 25, 2024 | National Law Journal

Express Scripts' Defamation Case Against FTC Will Fall Short, Law Professor Says

"It's not uncommon that a defamation suit is brought, not necessarily because the plaintiff expects to take it to trial, but instead, because they want to make a public announcement that what was said about them is wrong," said Lyrissa Lidsky, a University of Florida law professor.
3 minute read
September 20, 2024 | National Law Journal

FTC Takes Legal Action Against Three Largest PBMs Over High Insulin Prices

"Millions of Americans with diabetes need insulin to survive, yet for many of these vulnerable patients, their insulin drug costs have skyrocketed over the past decade thanks in part to powerful PBMs and their greed," said Rahul Rao, deputy director of the FTC's Bureau of Competition.
6 minute read
September 18, 2024 | Connecticut Law Tribune

Lamont Nominates Attorney Kathleen Unger Holt State's Healthcare Advocate

Holt founded a Seattle-area law practice to advocate for the needs of older people and people who have disabilities. She led this practice until her arrival at the Center for Medicare Advocacy.
4 minute read

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