Item 8.01 Other Events.
On July 8, 2011 XenaCare Holdings, Inc. (the “Company”) filed suit against CVS Caremark Corporation and CVS Pharmacy, Inc. in U.S. District Court, Middle District of Florida, West Palm Beach Division. The suit seeks payment of $1,254,943.34 owed to the Company for sales of products sold and delivered by the Company to the defendants from October 2008 through February 2011.
I have heard that both CVS and Riteaid can be very poor at paying. This looks an extreme case of that.
That is a lot of recievables, be good if they can get a settlement on it soon
