Business Insurance

Login  |  Register Subscribe



cbVid =

REUTERS

CVS to pay $20M to settle SEC charges

April 8, 2014 - 2:04pm

CVS to Pay $20 Million In SEC Charges


(Reuters) — CVS Caremark Corp. agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors about significant financial setbacks and used improper accounting to artificially boost its results.

The Woonsocket, R.I.-based company did not admit or deny wrongdoing in agreeing to settle.

CVS operates the second-largest U.S. drugstore chain.

 



Get our weekly Specialty Risks newsletter
  •