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Omnicare Inc

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  • The narrow opinion offered a limited victory to pharmacy services provider Omnicare Inc., which was sued by two pension funds that bought stock when the company went public in 2005.. Investors claimed the Cincinnati- based Omnicare misled them when it said in registration documents that it "believed" its contracts with other companies were legal.

  • WASHINGTON, March 24- The U.S. Supreme Court on Tuesday handed a narrow victory to Omnicare Inc by ruling that just because the pharmacy services company made comments ahead of a public stock offering that investors say turned out to be untrue didn't mean it was lying. On a 9-0 vote, justices threw out an appeals court ruling that had revived securities class...

  • The narrow opinion offered a limited victory to nursing home pharmacy— Omnicare Inc.— which was sued by two pension funds that bought stock when the company went public in 2005.. Investors claimed the Cincinnati- based Omnicare mislead them when it said in registration documents that it "believed" its contracts with other companies were legal.

  • WASHINGTON, March 24- The U.S. Supreme Court on Tuesday handed a narrow victory to Omnicare Inc by throwing out an appeals court ruling that revived securities class action claims alleging the company had misled investors prior to a public stock offering. The court, in an opinion by Justice Elena Kagan, ruled in favor of Omnicare by finding that a statement made by...

  • Dec 22- The U.S. Justice Department has filed a complaint against Omnicare Inc, alleging that the largest U.S. provider of pharmacy services to the elderly received millions of dollars in kickbacks from Abbott Laboratories. Omnicare received the kickbacks for recommending Abbott's prescription drug, Depakote, for epilepsy in dementia patients in nursing...

  • WASHINGTON, Nov 3- U.S. Supreme Court justices raised doubts on Monday about an appeals court ruling that revived securities class-action claims against Omnicare Inc over whether the top U.S. provider of pharmacy services to the elderly misled investors prior to a public stock offering. Several justices appeared to agree that the May 2013 ruling by the...

  • Oct 3- The U.S. Supreme Court's new term is due to begin on Monday. *Texas Department of Housing and Community Affairs v. In July 2013, the appeals court ruled in favor of two teams developing cheaper generic forms of Copaxone: one involving Novartis AG's Sandoz Inc and Momenta Pharmaceuticals Inc and another involving Mylan Inc and Natco Pharma Ltd..

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