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Circuit Court Tosses $42.5M Medco Settlement

By Marc Tracy (October 9, 2007, 12:00 AM EDT) -- A federal appeals court has tossed the $42.5 million settlement between employee welfare benefit plans and Merck-Medco Managed Care LLC, as well as decertified the class, which accused the pharmaceutical benefits manager of breaching its fiduciary duty under the Earned Retirement Income Security Act....

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