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November 04, 2022

National Pharmacy Chains Strike Preliminary Deal to End Opioid Litigation

CVS and Walgreens have tentatively reached agreements to pay approximately $5 billion each to settle litigation related to the opioid crisis. CVS broke the news in its third quarter earnings report and Walgreens made a similar announcement in an 8-K filing with the SEC. Walmart has also reportedly agreed to a $3 billion settlement. These tentative agreements announced on November 2 could mark the end of thousands of lawsuits across the nation.

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