Medco To Pay $2.7M To Settle Case Involving CalPERS Pay
On Friday, the Office of the California Attorney General Kamala Harris announced that pharmacy benefits manager Medco Health Solutions has agreed to pay $2.7 million to settle allegations that it made improper payments to a former CalPERS board member. Medco did not admit any wrongdoing under the deal.
- "Medco Settles Calif. Pension Fund Kickback Case" (Lin, AP/U-T San Diego, 3/23).
- "Drug Giant Settles Probe in CalPERS Bribery Case" (Kasler, Sacramento Bee, 3/25).