• Company
  • Description
  • Recovery Amount
  • CVS Caremark
  • Louisiana Municipal Police Employees’ Retirement System and The R.W. Grand Lodge of Free & Accepted Masons of Pennsylvania v. Crawford, et al.

 

Delaware Chancery Court

G&E represented two institutional shareholders in this derivative litigation challenging the conduct of the Board of Directors of Caremark Rx, Inc. in connection with the negotiation and execution of a merger agreement with CVS, Inc., as well as the Board’s decision to reject a competing proposal from a different suitor. Through the litigation, Caremark’s Board was forced to provide substantial additional disclosures to public shareholders and renegotiate the terms of the merger agreement with CVS,  providing an additional $3.19 billion in cash consideration.