May 21, 2018
A New York magistrate judge on Monday recommended against approving a settlement in a proposed false-advertising class action over a CVS Pharmacy Inc. algae supplement labeled as "clinically proven" to boost memory, pointing to the lead plaintiff's close ties with his attorney.
June 21, 2016
CVS Pharmacy Inc. has tentatively settled a false-advertising class action over an algae supplement labeled as "clinically proven" to boost memory, a deal that will provide $4 in cash or a $6.50 voucher to 197,000 people, according to a letter sent to a New York federal judge Monday.