Antitrust Concerns Revived As CVS Reveals FTC Probe

Law360, New York (November 6, 2009, 5:20 PM EST) -- The Federal Trade Commission has launched a probe of CVS Caremark Corp., raising questions about the focus of the investigation given recent complaints from lawmakers, unions and community drugstores that the 2007 merger of the drugstore giant with a pharmacy benefits manager has curbed competition.

In a regulatory filing Thursday with the U.S. Securities and Exchange Commission, CVS said it had been notified of the FTC's investigation into its “business practices” in August 2009, but so far it has declined to elaborate on the nature of...
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