CVS, Walmart, Walgreens agree to $13.8-billion opioid settlement
CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay about $13.8-billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar with the negotiations.
Walgreens and CVS declined to comment. Walmart and a spokesperson for the plaintiffs’ attorneys in the litigation did not immediately respond to requests for comment. In more than 3,300 lawsuits, state and local governments accused drugmakers of downplaying the risks of their opioid pain medicines, and distributors and pharmacies of ignoring red flags that prescriptions were being diverted into illegal trafficking.
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