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Court blocks Mullany from joining CVS Caremark
WILMINGTON, Del. — A Delaware judge granted Walmart's request for a preliminary injunction on Wednesday and has blocked — for now — CVS Caremark from hiring former Walmart executive Hank Mullany as president of CVS/pharmacy, according to published reports.
Vice chancellor J. Travis Laster scheduled a trial for early March.
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Will Mullany's noncompete agreement undo CVS' succession plan?
WHAT IT MEANS AND WHY IT'S IMPORTANT — CVS Caremark made headlines when it announced late in the day on Dec. 3 that former Walmart executive Hank Mullany had been named president of CVS/pharmacy. However, the wires were soon abuzz with news that Walmart had filed a lawsuit against CVS to block the hiring of Mullany.