Mesa Pharmacy Settling Claim it Sold Worthless Receivables

Southern California compounder Mesa Pharmacy agreed to a settle claims that it sold nearly a half million dollars in worthless receivables to a Nevada factoring company, according to court documents. The U.S. District Court for Nevada scheduled a status conference for July 29 to discuss a confidential settlement that was memorialized in May. MedCapGroup in a November 2014 complaint filed with the federal court in Las Vegas said it paid $205,418 to purchase $586,910 in receivables from Mesa Pharmacy in 2012. According to the complaint, Mesa said the receivables were collectible and that t...