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HomeMarketCVS, Walmart, Walgreens reach tentative $12 billion Opioid pact

CVS, Walmart, Walgreens reach tentative $12 billion Opioid pact

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© Reuters. FILE PHOTO: The combination photo shows a logo of CVS in Manhattan, New York, U.S., August 1, 2016, re-usable Walmart bags in a newly opened Walmart Neighborhood Market in Chicago September 21, 2011 and a Walgreens sign in the Chicago suburb of Niles, Ill

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(Reuters) – CVS Health Corp (NYSE:), Walgreens Boots Alliance (NASDAQ:) Inc and Walmart (NYSE:) Inc have tentatively agreed to pay more than $12 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, Bloomberg News reported on Tuesday.

The proposed settlement calls for CVS to pay $4.9 billion, Walgreens to pay at least $4 billion and Walmart to pay $3 billion, according to the report, citing people familiar with the matter.

Story Credit: investing.com

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