CVS Corp.

One of the nation's largest pharmacy chains has proposed a $3 million payment to settle a class action lawsuit over its 401(k) and employee stock ownership plans. A former CVS employee filed the lawsuit alleging executives, "should have known the stock was an imprudent investment alternative for the retirement plan due to the substantial and material accounting and business improprieties occurring at the company." The proposed settlement must be approved by a federal judge and includes the investment period from December 1, 2000, to October 31, 2001. (Jul-04-05) [BOSTON BUSINESS]