NEW YORK, May 6, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Express Scripts Holding Company ("Express Scripts" or the "Company") (NASDAQ: ESRX), concerning whether the board has breached its fiduciary duties to shareholders.
On January 12, 2016, Anthem, Inc. ("Anthem"), the Company's most important client, publicly threatened to end its relationship with Express Scripts unless the Company renegotiated its agreement with Anthem to save Anthem more than $3 billion in per year.
On March 21, 2016, Anthem sued Express Scripts for breach of contract. According to the complaint, Anthem and Express Scripts have been in conflict since the beginning of 2015.
On this news, Express Scripts stock has fallen from approximately $86 per share to its current price of approximately $73 per share.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Express Scripts shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP