CVS pharmacy and convenience store in Baltimore. (Photo: Diego M. Radzinschi/ALM) CVS, Walgreens Pay $10B to Resolve Thousands of Opioid Lawsuits
The agreements in principle, announced on Wednesday, are dependent on the participation of cities, counties and states suing the pharmacies over the opioid crisis.
November 02, 2022 at 06:03 PM
4 minute read
The original version of this story was published on Law.com
What You Need to Know
- CVS and Walgreens also agreed to pay nearly $1.4 billion in attorney fees and costs.
- Pharmacies are among the last holdouts in the opioid litigation, which also has involved drug manufacturers and distributors.
- The agreements exclude pending cases brought by the state of New Mexico, the city and county of San Francisco and two Ohio counties.
CVS Pharmacy Inc. and Walgreens Boots Alliance Inc. agreed to pay more than $10 billion to settle thousands of lawsuits by states, cities and counties alleging the retailers contributed to the nation's opioid crisis.
CVS agreed to pay $4.9 billion over 10 years, which includes $642 million in attorney fees and costs. CVS also said it would pay $130 million to Native American tribes.
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