State sues CVS Caremark over PBM violations

From staff reports OKLAHOMA CITY – The office of the state Attorney General is suing CVS Caremark for multiple pharmacy benefit management (PBM) violations, in the f irst case that will be heard in the agency’s newly established PBM Administrative Court.

Southwest Oklahoma Legislative Update: Senate

OKLAHOMA CITY – Bringing more regulatory oversight to the used powersports vehicle sales market was proposed by Sen. Kendal Sacchieri (R-Blanchard) with the recent pre-filing of Senate Bill 529.

Southwest Oklahoma Legislative Update: House

OKLAHOMA CITY – Rep. Toni Hasenbeck (R-Elgin) pre-filed House Bill 1364 in an effort to prohibit the sharing of revenge pornography created through the use of a rtificial intelligence.

Credit reporting errors top January financial news

From staff reports WASHINGTON, D.C. – Equifax and the American Honda Finance Corporation were recently investigated by the Consumer Financial Protection Bureau (CFPB) for credit reporting errors and each company was fined millions of dollars.

Fraud suspected in Chicago bank failure

From staff reports WASHINGTON, D.C. — Pulaski Savings Bank of Chicago, Illinois, was closed recently by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corp. (FDIC) as receiver. Suspected fraud was cited as the cause.

Former Apache EMT pleads ‘no contest’ to 76 sex crimes

ANADARKO – A former Apache emergency medical technician pleaded no contest Jan. 15 to 76 felony counts accusing him of sexually molesting his children when they were younger.Timothy Darien Clauson, 62, was charged on Sept.

Lawton ex-councilman charged with rape of drunken man who ‘blacked out’

LAWTON – Former Ward 4 Lawton City Councilman Jay Ron Burk was charged last Friday with first-degree rape of an unconscious man and exhibiting/ distributing obscene material involving that individual.

Rig Report: Oil, gas rig activity increases in Oklahoma

From staff reports As Oklahoma saw a gain in the number of oil and gas rigs throughout the state, the nation’s rig count declined in the past week, according to the Baker Hughes rig report released Friday Baker Hughes said Oklahoma’s count increased by one to a total of 44 active rigs, two more...

EV maker Canoo runs out of cash, files for bankruptcy

From staff reports Months after struggling to secure a firm source of funding while watching its shares lose value on an almost daily basis, the people behind Canoo decided Jan. 17 to park the electric vehicle venture, flat tires and all, and filed for Chapter 7 bankruptcy.

Virginia electricity imports highest in U.S.; Oklahoma rates among cheapest

From staff reports The U.S. Energy Information Agency (EIA) reports that 25 states, including Oklahoma, produce more electricity than they consume, so the excess gets sold to other states via utility-to-utility sales. And for states that import power, price is a key consideration.