CVS Health, Walgreens Boots Alliance and Walmart have agreed to pay about $13.8 billion to resolve thousands of US state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers.
CVS said on Wednesday that it had agreed to pay about $5 billion over 10 years, and Walgreens disclosed in a filing with the US.
Securities and Exchange Commission (SEC) said that it had agreed to pay about $5.7 billion over 15 years. Neither company admitted wrongdoing. Walmart has agreed to pay $3.1 billion, mostly up front, according to two people familiar with the matter.
Paul Geller, one of the
Disclaimer: No Business Standard Journalist was involved in creation of this content