Shareholder Alert: Robbins LLP is Investigating the Officers and Directors of Cardinal Health, Inc. (CAH)

Shareholder rights law firm Robbins LLP is investigating whether certain officers and directors of Cardinal Health, Inc. (NYSE: CAH) breached their fiduciary duties. Cardinal Health operates as an integrated healthcare services and products company.

If you suffered a loss as a result of Cardinal Health's misconduct, click here.

Cardinal Health, Inc. (CAH) Forced to Pay $86 Million in Penalties

In August 2005, Cardinal Health learned in discussions with DEA officials that it was distributing excessive amounts of prescription opioids. Despite this knowledge, Cardinal Health failed to take any corrective actions and the DEA suspended the Company's controlled-substance distribution licenses. Then, in 2008, Cardinal Health paid a $34 million civil penalty for violations of the Comprehensive Drug Abuse Prevention and Control Act of 1970 ("CSA"). In addition to the penalty, the Company agreed to "maintain a compliance program designed to detect and prevent diversion of controlled substances required under the CSA and applicable DEA regulations" and "inform [the] DEA of suspicious orders [as required by the CSA]." However, Cardinal Health's board took no action to ensure the efficacy of the Company's anti-diversion program nor its compliance with the CSA and 2008 settlement, thus resulting in yet another settlement with the DEA in 2012. This negligence persisted as the opioid crisis exacerbated, and in 2016, Cardinal Health was forced to pay yet another penalty of $44 million to the DEA to resolve allegations. As a result of Cardinal Health's officers and directors' misconduct, the Company has been forced to pay $86 million in fees and penalties and will likely cost the Company billions more.

Cardinal Health, Inc. (CAH) Shareholders Have Legal Options

Contact us to learn more: Leo Kandinov [phone] [e-mail] Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200115005888/en/

Leo Kandinov Robbins LLP 5040 Shoreham Place San Diego, CA 92122 [e-mail] [phone] or Toll Free [phone] www.robbinsllp.com