The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Express Scripts Holding Company (NASDAQ: ESRX) securities between February 24, 2015 through March 21, 2016.
According to the complaint, throughout the Class Period Express Scripts failed to disclose and/or misled investors as to the true state of the Company’s relationship and contract with client Anthem, Inc.
On January 12, 2016, Anthem threatened to terminate its relationship with Express Scripts unless it renegotiated an agreement that would deliver more than $3 billion in annual savings to Anthem. Then on March 21, 2016, Anthem initiated legal action against Express Scripts, alleging that the Company breached its contract by failing to negotiate drug pricing terms in good faith. The complaint revealed a conflict between Express Scripts and Anthem dating back to at least February 2015.
If you suffered a loss in Express Scripts you have until July 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
To receive more information, please fill out the form.