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Walgreens sues to block ‘egregious' $987 mln arbitration award [Reuters]
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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an “egregious and improper” arbitration award of nearly $1 billion for telemedicine provider PWNHealth in a contract dispute between the companies. PWNHealth, which does business as Everly Health Solutions, separately asked , opens new tab the judge to affirm the arbitration award, according to court filings unsealed on Tuesday. Walgreens argued , opens new tab that the $987 million award was 12 times above the maximum of $79 million in damages allowed under the contract between the two companies. It would be the largest-ever under the federal Lanham Act, a false advertising law that protects trademarks, the company said. Everly initiated the arbitration in 2022, claiming that Deerfield, Illinois-based Walgreens broke the terms of a 2020 COVID-era business contract. Walgreens was using Everly's physician network to order COVID-19 tests that customers asked for on Walgreens' website, according to its court filings. It said the relationship deteriorated after it started using it
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- Walgreens Boots Alliance Declares Quarterly Dividend[Business Wire]
- Walgreens Is Opening a New Pharmacy For Cell and Gene Therapies [BNN Bloomberg (Canada)][BNN Bloomberg]
- Walgreens To Launch $24 Billion Business Dedicated To Specialty Pharmacy [Forbes][Forbes]
- Walgreens Launches Gene and Cell Services as Part of Newly Integrated Walgreens Specialty Pharmacy Business [Yahoo! Finance][Yahoo! Finance]
- Walgreens Launches Gene and Cell Services as Part of Newly Integrated Walgreens Specialty Pharmacy Business[Business Wire]
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