An Ohio jury awarded $7.8 million Monday in a lawsuit filed by the State Teachers Retirement System accusing its pharmacy benefits manager of fraud. The 2003 suit alleged that Medco Health Solutions and parent Merck & Co. overcharged the fund. The Common Pleas jury found that Medco was liable for constructive fraud and awarded $6.9 million in damages. The jury also ruled that Medco breached its duty to STRS Ohio in the amount of $915,000.
December 21, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
An Ohio jury awarded $7.8 million Monday in a lawsuit filed by the State Teachers Retirement System accusing its pharmacy benefits manager of fraud. The 2003 suit alleged that Medco Health Solutions Inc. and parent Merck & Co. overcharged the fund.
“Merck and Medco abused their relationship with STRS and placed corporate interests ahead of their obligations to Ohio’s retired teachers,” Attorney General Jim Petro said in a statement. “With this verdict, we’ve brought them to account for that.”
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