CVS & Walgreens in $10.7B Multistate Settlements Over Opioids

New York Attorney General Letitia James announced two multistate settlements totaling $10.7b with CVS and Walgreens for the pharmacies’ role in the opioid crisis, according to a statement.

• CVS will pay $5B and Walgreens will pay $5.7B: NY AG
• New York to get up to $458m as part of the settlement
• CVS and Walgreens settlement includes court-ordered requirements
• CVS payments to be spread out over ten-year period
• Walgreens payments will be spread out over 15 years
• NOTE: CVS, Walmart, Walgreens Reach $13 Billion Opioid Settlement (2)

NOTE

• CVS Health Corp. rose 1.2% to $102.92 as of 12:46 p.m. New York ...