Pharmacy Groups Sue Express Scripts, Medco Over $29B Deal

Law360, New York (March 29, 2012, 3:47 PM ET) -- A coalition of trade groups and retail pharmacies lodged an antitrust suit Thursday in Pennsylvania federal court seeking to block the $29.1 billion merger of pharmacy benefit managers Express Scripts Inc. and Medco Health Solutions Inc., saying the deal would devastate community pharmacies nationwide.

Additionally, the American Antitrust Institute and the American Consumer Institute on Wednesday called on state attorneys general to file suits of their own to block the proposed merger if the Federal Trade Commission approves the union between the two largest PBMs in...
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