UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - February 4, 1998
ECKERD CORPORATION
(Exact name of registrant as specified in is charter)
Delaware 1-4844 51-0378122
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
8333 Bryan Dairy Road
Largo, Florida 33777
(Address of principal
executive offices) (Zip Code)
Registrant's telephone number, including area code: (813) 395-6000
Item 5. Other Events.
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On February 4, 1998, Eckerd Corporation (the "Company"), a wholly-owned
subsidiary of J.C. Penney Company, Inc., was served with a civil complaint which
was filed jointly in federal court in Tampa, Florida by the Florida Attorney
General, the U.S. Department of Justice, and the U.S. Attorney's Office for the
Middle District of Florida. The complaint relates to what is known in the
drugstore industry as partial filling of prescriptions and how they are billed
in those relatively limited situations when a customer fails to pick up the
balance of a partially filled prescription.
The complaint seeks triple the amount of monetary damages and penalties
up to $10,000 for each bill for a partially filled prescription. However, this
complaint focuses on a very small percentage of prescriptions filled by the
Company, and management is of the opinion that, although the ultimate
disposition of this suit cannot be forecast with certainty, the litigation
should not have a material adverse effect on the Company's consolidated
financial position or results of operations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ECKERD CORPORATION
\s\ Samuel G. Wright
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Samuel G. Wright
Executive Vice President/
Chief Financial Officer
Date: February 10, 1998
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