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Home » News » Opioid settlement worth $10 billion to be settled with Walgreens & CVS

Opioid settlement worth $10 billion to be settled with Walgreens & CVS

A multi-state settlement has been reached with CVS and Walgreens, and New York’s piece of it is worth $460 million.

State and local governments will be paid a total of $10 billion dollars between the two retailers according to Local Syracuse. This lawsuit is over what has transpired from opioid use and the retailers are asking to know by December 31 if states and governments agree to the deal.

Finger Lakes Partners (Billboard)

These are some of the largest settlements seen among opioid lawsuits. Walmart has agreed to settle for $3.1 billion. The money received is supposed to be used to help fight the opioid epidemic.

Over 500,000 people have overdosed from opioids in the U.S. in the last twenty years, with most of the deaths happening in more recent years.

Drugmakers started being sued in the 2010s for their role in the epidemic and now pharmacies are being sued for not realizing they were filling so many prescriptions. States have until the end of the year to agree to the lawsuit settlements otherwise companies could back out.

Categories: New York StateNews

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