Friday, February 3, 2023
HomeAll Ch00 Ch00 NewsWalgreens, CVS agree to $10 billion settlement in opioid lawsuits

Walgreens, CVS agree to $10 billion settlement in opioid lawsuits

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algreens and CVS have agreed to pay over $10 billion to states as part of a settlement in lawsuits that were filed against them for their role in the opioid crisis.

Walgreens agreed to pay $5.7 billion per the course of 15 years while CVS has agreed to pay $5 billion over the course of 10 years.

States have until Dec. 31 to accept a portion of the settlement money. New York, California, Massachusetts, Pennsylvania, Oregon and North Carolina have said they will accept the settlement.

CVS and Walgreens have not admitted any wrongdoing as part of the agreement.

“Though we cannot reverse the devastation, my fellow attorneys general and I are committed to holding those who allowed this epidemic to run rampant through our country to account,” said New York Attorney General Letitia James.

The agreed payout is the latest in a series recent settlementsfrom major prescription drug retailers. In November Walmart agreed to to pay $3.1 billion to resolve a flurry of lawsuits alleging the retailer was reckless in its distribution of opiate medication.

 

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