Walgreens, CVS, and Walmart concur to pay $13.8 billion to resolve US opioid claims.
According to two people familiar with the negotiations, CVS Health Corp, Walgreens Boots Alliance Inc, and Walmart Inc have informally agreed to pay nearly $13.8 billion to settle thousands of state and local government lawsuits accusing the chains of improperly handling opioid medications. According to the people, the proposed settlement asks for Walmart to pay $3.1 billion, primarily up front, and Walgreens and CVS to each pay $5 billion over ten years. The sources declined to give their names because they claimed they weren’t allowed to discuss the situation in public. Walgreens, CVS, and Walmart all declined to comment. Requests…