CVS, Walmart, Walgreens Reach $13 Billion Opioid Settlement (2)

CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. tentatively agreed to pay more than $13 billion to resolve thousands of state and local government lawsuits accusing the pharmacy owners of mishandling opioid painkillers, according to the companies and people familiar with the matter.

The proposed settlement -- potentially one of the last big accords spawned by more than five years of litigation over the highly addictive painkillers -- calls for CVS to pay $4.9 billion, Walgreens to pay about $5 billion and Walmart to pay $3 billion to resolve the municipalities’ suits, according to the CVS and ...