Express Scripts Fights $43 Million Deduction Denial (Correct)

Express Scripts Inc. is seeking to overturn the denial of $42.9 million in tax deductions, telling a federal appeals court that the lower court misunderstood the nature of the pharmacy benefit management company’s claims adjudication software.

In a brief filed Thursday with the US Court of Appeals for the Eighth Circuit, the St. Louis-based company accused a federal judge in Missouri of incorrectly determining that Express Scripts’ clients don’t “lease, rent or otherwise dispose of” the software. The US District Court for the Eastern District of Missouri ruled that finding made the company ineligible for domestic production activities tax credits ...