Walgreens fights 'staggering' $642 mln arbitration award to Humana

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Walgreens fights 'staggering' $642 mln arbitration award to Humana
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National retail pharmacy giant Walgreen Co has asked a U.S. judge to vacate an arbitrator's award of more than $642 million to Humana Health Plan Inc in a drug-pricing dispute, calling the 'staggering' sum the result of a 'miscarriage of justice.'

"rewrote" its contracts with Humana. It also accused the arbitrator, from the JAMS arbitration forum, of using a flawed model to assess alleged damages.

"The result was that the arbitrator awarded a massive windfall to Humana," Walgreens' attorneys at Reed Smith said in the court filing. Washington, D.C.-based Crowell has denied any conflict of interest in representing Humana against the law firm's former client Walgreens.

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