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Omnicare Inc

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  • WASHINGTON, March 30- The U.S. Supreme Court on Monday sent a securities class action case against Dutch bank ING Groep NV and others back to a lower court to reconsider in light of the justices' ruling last week in a case involving pharmacy services company Omnicare. The high court threw out a November 2013 decision by the New York- based 2nd U.S. Circuit Court of...

  • 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...

  • 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...

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