CVS Health and Walgreens said they had agreed in principle to pay about $10 billion in total to settle a series of opioid-related lawsuits brought against the pharmacy chains.
November 2, 2022, 10:05 AMCVS Health and Walgreens on Wednesday said they had agreed in principle to pay about $10 billion in total to settle a series of opioid-related lawsuits brought against the pharmacy chains.
“We are pleased to resolve these longstanding claims and putting them behind us is in the best interest of all parties, as well as our customers, colleagues and shareholders,” said Thomas Moriarty, CVS's chief policy officer and general counsel, in a statement. “We are committed to working with states, municipalities and tribes, and will continue our own important initiatives to help reduce the illegitimate use of prescription opioids.
CVS said the national settlement, which has been agreed to in principle, would resolve lawsuits brought byand other governments. Some of those claims date back a decade or more. The settlement isn't an "an admission of any liability or wrongdoing," the company said.
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