Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Walgreen Company    WAG   US9314221097

WALGREEN COMPANY (WAG)

31
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Costco says cooperating with DEA probe on controlled substances

10/16/2013 | 06:05pm US/Eastern

(Reuters) - Costco Wholesale Corp (>> Costco Wholesale Corporation) said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.

(Reuters) - Costco Wholesale Corp (>> Costco Wholesale Corporation) said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.

The DEA has targeted large pharmacy chains and distributors to stem the flow of prescription drugs where abuse is suspected.

The DEA revoked the controlled substance licenses of two CVS Caremark Corp (>> CVS Caremark Corporation) drugstores in Florida in 2012, and earlier this year Walgreen Co (>> Walgreen Company) reached a record $80 million settlement with the agency to resolve allegations that its negligence in record-keeping and dispensing allowed highly addictive drugs to reach abusers and be sold illegally.

Costco announced its plans to cooperate with the DEA's subpoenas and administrative inspection warrants in a filing with the U.S. Securities and Exchange Commission on Wednesday. It said the matter concerned its "fulfillment of prescriptions related to controlled substances and related practices."

Additional details were not provided, and company representatives declined to comment beyond what was included in the regulatory filing.

(Reporting by Jessica Wohl in Chicago; Editing by Leslie Adler and Bob Burgdorfer)

Latest news on WALGREEN COMPANY
1d ago WALGREENS : Begins Accepting Apple Pay in Stores; Customers can now use the conv..
2d ago WALGREEN : Management's Discussion and Analysis of Financial Condition and Resul..
2d ago WALGREEN : Gov. Quinn proclaims "First Ladies Health Day" in Illinois
2d ago WALGREENS : Begins Accepting Apple Pay in Stores
2d ago WALGREEN : Court rejects appeal from Duane Reade Ex-CEO, CFO
3d ago WALGREENS : Unveils Developer Contest to Support Balance Rewards API
3d ago WALGREENS : Introduces Developer Contest to Support Balance Rewards API
4d ago WALGREENS : Joins Forces with the Department of Veterans Affairs
5d ago Obama signs order to tighten security for federal credit cards
10/15 WALGREEN : Governor Quinn Visits Flagship Walgreens Store in Chicago to Receive ..
Advertisement
Chart
Duration : Period :
Walgreen Company Technical Analysis Chart | WAG | US9314221097 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF