CVS Agrees To Pay $2M Over Misleading Pricing Ads

Law360, New York (August 19, 2011, 9:12 PM EDT) -- CVS Pharmacy Inc. will pay $2 million in a settlement with three California district attorneys' offices to resolve allegations that it charged more for products than what it had advertised and misled consumers about cash discounts and rebates, prosecutors announced Friday.

Judge Maureen Duffy-Lewis approved the settlement, under which the convenience store chain will pay $1.2 million in civil penalties, $420,000 in investigative costs and $300,000 to the California Department of Food and Agriculture's Division of Measurement Standards. CVS will also pay $100,000 to the Consumer...
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