Retail CVS, Walmart reach $147.5 million opioid settlement with West Virginia Published Tue, Sep 20 2022 5:30 PM EDT [CNBC]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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CVS agreed to pay $82.5 million and Walmart agreed to pay approximately $65 million, according to the state. West Virginia had been prepared to proceed to trial on Sept. 26 against the two companies, as well as Walgreens Boots Alliance The state had accused the pharmacy chains of fueling the deadly opioid epidemic through their allegedly lax oversight of prescription pills sold in the state. Walgreens has not settled, and a trial has been rescheduled for June 2023. “We believe that we have a very strong case against Walgreens,” Morrisey said at a news conference. “We're going to pursue that quite vigorously.” Kroger will also be a defendant in the rescheduled June 2023 trial. West Virginia has been particularly hard hit by the epidemic, with a per capita opioid mortality rate over three times the national average in 2020, according to data from the National Center for Health Statistics. CVS said that it will continue to defend itself in other opioid lawsuits, but believ
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