CVS To Pay $20 Million To Settle SEC Fraud Charges - Presented by: The Aol. On Network

CVS Caremark, which operates the second-largest U.S. drugstore chain, will pay $20 million to settle U.S. Securities and Exchange Commission charges. The SEC, which announced the settlement on Tuesday, said CVS failed while marketing a $1.5 billion bond offering in September 2009 to disclose having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business, including from the former Caremark Rx Inc that it bought in March 2007.



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