Nov 2, 2022
CVS and Walgreens agree to pay $10bn to settle opioids lawsuits
Two of America's biggest pharmacies have agreed to pay more than $10bn to resolve thousands of lawsuits over their roles in the US opioid crisis. The proposed deals with CVS and Walgreens mark the latest chapter of a long legal saga, in which firms have faced claims they helped drive the abuse of addictive painkillers. Local governments, Native American tribes and others behind the total of more than 3,000 lawsuits will now decide whether or not to accept the settlement. In the lawsuits brought by local communities, Native American tribes and other parties since 2017, the pharmacy chains were accused of ignoring red flags while handling prescriptions for the drugs. CVS said it would pay about $5bn over 10 years to settle the claims, while Walgreens Boots Alliance has agreed to pay $5.7bn over 15 years.
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