Business Practices Under Investigation
On May 4, 2010, CVS Caremark Corp. announced that its business practices were being investigated by a group of 24 states, along with the District of Columbia and Los Angeles County. At issue is the post-merger relationship between CVS and Caremark. In addition, the company had earlier acknowledged in a filing with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Office of Inspector General of the United States Department of Health and Human Services, requiring the company to provide information regarding the incentives the company provides to customers who transfer their prescriptions to CVS, including gift cards, goods and other incentives.
Read more about this topic: CVS Caremark, Controversies
Famous quotes containing the words business and/or practices:
“The art which we may call generally art of the wayside, as opposed to that which is the business of men’s lives, is, in the best sense of the word, Grotesque.”
—John Ruskin (1819–1900)
“Money made through dishonest practices will not last long.”
—Chinese proverb.