NEW YORK, Aug. 25, 2016 /PRNewswire/ -- Purcell Julie
& Lefkowitz LLP, a class action law firm dedicated to
representing shareholders nationwide, is investigating a potential
breach of fiduciary duty claim involving the board of directors of
Express Scripts Holding Company (NASDAQ: ESRX).
On January 12, 2016, Anthem, Inc.,
one of Express Scripts' most important clients, publicly threatened
to terminate its relationship with Express Scripts unless the
Company would renegotiate its agreement with Anthem to deliver more
than $3 billion in annual savings to
Anthem. On this news, Express Scripts stock fell from a
January 12, 2016 closing price of
$85.58 per share to close on
January 13, 2016 at $79.69 per share. Then, on March 21, 2016, Anthem sued Express Scripts
alleging that the Company breached its contract with Anthem by
failing to negotiate drug pricing terms in good faith. The
lawsuit revealed a conflict between Express Scripts and Anthem
dating back to at least February
2015, including allegations that Express Scripts was
experiencing severe operational problems that interfered with its
ability to adequately serve Anthem and exposed Anthem to increased
regulatory scrutiny.
If you are a shareholder of Express Scripts and are interested
in obtaining additional information regarding this investigation,
free of charge, please visit us at:
http://pjlfirm.com/express-scripts-holding-company/
You may also contact Robert H.
Lefkowitz, Esq. either via email at rl@pjlfirm.com or by
telephone at 212-725-1000. One of our attorneys will
personally speak with you about the case at no cost or
obligation.
Purcell Julie & Lefkowitz LLP is a law firm exclusively
committed to representing shareholders nationwide who are victims
of securities fraud, breaches of fiduciary duty and other types of
corporate misconduct. For more information about the firm and its
attorneys, please visit http://pjlfirm.com. Attorney
advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Purcell Julie & Lefkowitz LLP