New York (March 12, 2003) -- Numerous years of legal strife concerning Rite Aid Corp. and Oxford Health Plans Inc. audits are finally coming to a close after KPMG's $200 million settlement agreement with respective litigants. Now all that remains is court and litigant approval that is still a few months away."It was announced that we have an agreement and we are now working on formalizing everything," said Melvin Weiss, senior partner at Milberg Weiss Bershad Hynes & Lerach – the firm representing litigants in both suits. "We still need to give notice to the class and in the Oxford case particularly, we are trying to schedule a fairness hearing on June 11. I’m not positive on the Rite Aid suit."
David Bershad, lead attorney on the Rite Aid class action, was unavailable for comment at press time.
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