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CVS reaches $20M settlement with SEC
Woonsocket, RI – CVS Caremark Corporation has reached an agreement in principle to pay a fine of USD $20 million to resolve an investigation by the Securities and Exchange Commission (SEC) into certain public disclosures, securities transactions and aspects of the purchase accounting adjustment related to the October 2008 Longs Drug Stores acquisition the company made during the third and fourth quarters of 2009.