Cardinal Health Targeted in Class Action Suit (CAH)
3/9/2010-Medicine Shoppe and Medicap independent pharmacy franchise owners across the U.S. have come together in support of a class action suit against Cardinal Health (NYSE: CAH), Medicine Shoppe Inc., and Medicap Pharmacies Incorporated, alleging several specific points of wrongdoing on the part of the three companies during 2009 when the companies made attempts to re-negotiate existing franchise agreements and convert to an alternate form of distribution.
Stan Winters, who owns the Medicine Shoppe in Artesia, Ca., said, "We are independent pharmacists, taking care of hundreds of thousands of patients across the country, who feel that our franchisor has taken every opportunity to hurt our business and the brand we share. We intend for this legal action to clear the slate with Cardinal Health, put an end to their heavy-handed ways and roll back the predatory pricing on pharmaceuticals that many stores are forced to accept."
Write to Chip Brian at cbrian@tradethetrend.com
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