trending Market Intelligence /marketintelligence/en/news-insights/trending/VM1jdGWHkAvO91L0Ko0AEQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Judge dismisses shareholder lawsuit against Express Scripts

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Judge dismisses shareholder lawsuit against Express Scripts

A U.S. District judge dismissed a suit against Express Scripts Holding Co. where its shareholders alleged it increased its stock price by concealing a troubled relationship with its largest customer Anthem Inc., Reuters reported Aug. 2.

The judge ruled that the shareholders failed to show that the company had the intention of defrauding them or that it made false or misleading statements in this regard.

The Teachers Insurance & Annuity Association of America was the lead plaintiff in the lawsuit which also implicated the company's CEO Tim Wentworth and his predecessor and current chairman George Paz.

According to Reuters, the suit alleged that the "extremely contentious" relationship only came to light in March 2016 when Anthem sued the company for $15 billion and sought the right to end the 10-year contract claiming it was being overcharged $3 billion annually.

Earlier this year, Express Scripts said Anthem was unlikely to renew its contract. The company also recently noted that any new contract is likely to contain less favorable terms.