Laboratory Corp. of America (LH +1.6%) trades higher after saying late yesterday that it will...

|About: Laboratory Corporation of A... (LH)|By:, SA News Editor

Laboratory Corp. of America (LH +1.6%) trades higher after saying late yesterday that it will pay California $49.5M to settle accusations it overcharged the state's Medicaid program, the latest firm to cut a deal with health-care authorities following a slew of lawsuits over excessive billings.