Medco reaches settlement with DOJ

In a long-expected development, New Jersey-based pharmacy benefits manager giant Medco said it has reached a settlement with the Justice Department in a case involving three year old fraud charges against the drug distributor. Medco will pay the feds $163 million to settle the case, which was triggered by accusations by three employees at a Las Vegas distribution center who claimed the company routinely underfilled prescriptions, changed doctor's orders and canceled them completely in some cases.

- see this article from the Newark Star Ledger