NYT: CVS and Walgreens Near $10 Billion Deal to Settle Opioids Cases
CVS and Walgreens, two of the nation’s largest retail pharmacy chains, said on Wednesday that they had reached tentative agreements to pay about $5 billion each to settle thousands of lawsuits over their role in the opioids crisis.
The companies made the announcements in government filings, but finalization is conditional on an overwhelming majority of plaintiffs, including state, municipal and tribal governments, signing on, they said.
If the deals are finalized, they would represent payouts from the arm of the pharmaceutical industry that has been most resistant to striking a deal with plaintiffs in the litigation. Many large manufacturers of prescription opioids and the three major drug distribution companies have already settled.
Read more at the New York Times…
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