Wells Fargo, Execs Sued Under ERISA For Prescription Drug Prices, PBM Fees

(August 2, 2024, 12:03 PM EDT) -- MINNEAPOLIS — In a putative class action similar to one pending against Johnson and Johnson, former participants in a Wells Fargo & Co. health plan filed a suit in Minnesota federal court under the Employee Retirement Income Security Act over alleged mismanagement of prescription drug benefits, with a focus on the plan’s pharmacy benefits manager (PBM)....

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