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CVS, Walmart, Walgreens Reach $13 Billion Opioid Settlement

  • Pharmacy chains seek to end suits over painkiller monitoring
  • States, local governments must agree for deal to be finalized
Updated on

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 Walgreens officials, along with the people, who asked not to be identified because they weren’t authorized to speak publicly about the tentative deal.