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Walgreens Reaches $4.95 Bln Settlement To Substantially Resolve Opioid-related Litigation

Walgreens Boots Alliance, Inc. (WBA) announced Wednesday it has agreed in principle to financial amounts and payment terms as part of settlement frameworks to substantially resolve opioid-related litigation.

Under these frameworks, the company expects to settle all opioid claims against it by participating states, subdivisions and tribes, for up to approximately $4.95 billion in remediation payments to be paid out over 15 years.

The settlement frameworks include no admission of wrongdoing or liability by the company.

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