Omnicare has denied that the contentions of the federal government and the qui tam relators set forth in the complaints and also denies any liability related to those contentions. The Settlement Agreement does not include any finding of wrongdoing by the Omnicare Inc. The Company has agreed to settle the matters in order to avoid expensive and time-consuming litigation and instead focus more on the mission to provide high-quality pharmaceutical care for the elderly.http://www.favstocks.com/omnicare-finali...
Under the Settlement Agreement, Omnicare has agreed to pay US$98 million along with the interest to the federal government, the participating states, and the District of Columbia.