CVS Caremark Investors Urge 1st Circ. To Revive Merger Suit

Law360, New York (November 14, 2012, 6:38 PM EST) -- CVS Caremark Corp. shareholders on Tuesday asked the First Circuit to revive their suit against the company and three executives, arguing that a federal judge wrongly concluded that they didn't show economic harm resulting from company executives' alleged cover-up of problems stemming from the 2007 merger between CVS and Caremark.

The suit, filed by a group of pension funds, accuses CVS Caremark and three former top executives of falsely touting that CVS and Caremark were successfully integrated when, in fact, the integration was going poorly and...
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