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TOP NEWS
Analysis
4 Things To Know As DOL Pitches Transparency For PBMs
By Kellie Mejdrich
The U.S. Department of Labor's proposal to require pharmacy benefit managers to give employer-provided health plans detailed information on fees and compensation is a welcome development, benefits attorneys on both sides of the bar say. Here, Law360 looks at four things to know about the proposed regulations.
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ENFORCEMENT & COMPLIANCE
Ex-BofA Manager Cops To Role In Medicare Fraud Scheme
By Gina Kim
A former Bank of America branch manager copped to a money laundering conspiracy charge Tuesday in New York federal court in connection with a transnational scheme that made over $8 billion in fraudulent Medicare claims for glucose monitors and urinary catheters that were medically unnecessary, according to the U.S. Department of Justice.
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LITIGATION
ImmunityBio Stockholder Targets Soon-Shiong In Chancery
By Jarek Rutz
The Delaware Chancery Court on Tuesday heard arguments over whether biotech billionaire Patrick Soon-Shiong and ImmunityBio Inc.'s board breached their fiduciary duties by approving insider financing that allegedly allowed him to secure equity at deeply discounted prices as the company neared regulatory approval for its lead cancer drug.
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