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Article: NACDS STATEMENT REGARDING REJECTION OF PROPOSED SETTLEMENT ON PRICING PRACTICES

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PR Newswire
Article date:
April 4, 1996
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WASHINGTON, April 4 /PRNewswire/ -- The following statement is being issued by the National Association of Chain Drug Stores regarding the rejection of a proposed class action settlement on pricing practices of drug manufacturers, issued today by U.S. Federal Court Judge Charles P. Korocras. The statement can be attributed to Phil Schneider, NACDS Director of Public Affairs:

"The judge's rejection of the pending settlement confirms that there are serious problems with drug manufacturer pricing practices. The court concluded that evidence exists showing retail pharmacies are denied the opportunity to compete effectively in the marketplace.

"It's a whole new ... 







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