Robbins Umeda LLP Announces an Investigation of Quest Diagnostics Inc. for Shareholders

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SAN DIEGO--(BUSINESS WIRE)-- Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Quest Diagnostics Inc. (NYSE: DGX). Quest Diagnostics provides diagnostic testing, information, and services in the United States and internationally. The company was established in 1967 and is headquartered in Madison, New Jersey.

If you own stock in Quest Diagnostics and would like more information about your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

Robbins Umeda LLP's investigation focuses on whether the directors and officers of Quest Diagnostics harmed the company by breaching their fiduciary duties to shareholders by causing or permitting the Company's employees to illegally provide kickbacks to healthcare professionals in exchange for using Quest Diagnostics' services.

On May 9, 2011, Quest Diagnostics agreed to pay $241 million to settle a lawsuit that alleged the Company overcharged California's Medicaid program for laboratory testing services. According to that action, Quest Diagnostics charged Medi-Cal up to six times more for such services than it charged other customers. State law requires that Medi-Cal not be charged more than other customers for the same service. In addition, as part of the settlement, Quest Diagnostics entered into a deferred prosecution agreement with the government that imposed certain reporting obligations over its pricing for a limited period of time and will provide Medi-Cal with a discount until the end of July 2012.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/quest-diagnostics-inc/

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