Walgreens Gets Nod for $100 Million Generic Drug Pricing Deal

Walgreen Co. received initial court approval for a $100 million class settlement resolving a seven-year-old lawsuit by customers who say the pharmacy chain overcharges for generic drugs when they’re purchased using insurance.

The deal, which also requires Walgreens to terminate its generic drug discount program, is expected to cover million of people and entities that paid for prescription drugs from Walgreens using insurance coverage since January 2007, according to the customers’ settlement motion.

Judge Edmond E. Chang of the US District Court for the Northern District of Illinois signed the preliminary approval order Monday. Chang also scheduled a Sept. ...