PolyMedica Corporation Records Reserve in Response to Ruling in Legal Action

WAKEFIELD, Mass.--(BUSINESS WIRE)--PolyMedica Corporation (NASDAQ: PLMD) today announced that the Federal District Court in Fort Pierce, Florida, has determined that Liberty Medical Supply, a subsidiary of PolyMedica, violated the Fair Labor Standards Act with respect to its former overtime compensation and lunch break deduction policies. The Court ruled that upon final resolution of the remaining legal issues in the case, it will enter a judgment against the Company. The lawsuit was filed against the Company by a former employee in 2005.

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