CVS, Walgreens Settle Opioid Lawsuits for $10 Billion

CVS and Walgreens have reached tentative agreements to pay about $5 billion every to settle 1000’s of lawsuits over their position within the opioids disaster, reports Jan Hoffman for the New York Times. Finalization is conditional on an amazing majority of plaintiffs, together with state, municipal and tribal governments, signing on. CVS mentioned that over the subsequent 10 years, it could pay $4.9 billion to states and municipal governments and about $130 million to tribes underneath the settlement.

Walgreens mentioned it could pay $4.79 billion over 15 years to the states and $154.5 million to the tribes. It will additionally pay $753.5 million in attorneys’ charges and prices, over six years. Each CVS and Walgreens mentioned that the agreements represented no admission of wrongdoing on their half. Attorneys negotiating on behalf of cities and counties throughout the nation urged plaintiffs to work towards a remaining deal.

The precise quantity would depend upon what number of governmental entities settle for the phrases of the deal. Within the lawsuits, state governments mentioned pharmacies had been filling prescriptions that they need to have flagged as inappropriate.