CVS and Walgreens Agree , to Tentative $10 Billion , Opioid Settlement.<br />CVS and Walgreens Agree , to Tentative $10 Billion , Opioid Settlement.<br />The tentative combined amount of $10 billion would settle lawsuits brought against the retailers for mishandling prescription opioids.<br />The tentative combined amount of $10 billion would settle lawsuits brought against the retailers for mishandling prescription opioids.<br />The CVS portion would be paid out to states involved in the lawsuits over the course of a decade starting in 2023.<br />We are pleased to resolve these longstanding claims and putting them behind us in the best interest of all parties, as well <br />as our customers, colleagues <br />and shareholders, Thomas Moriarty, CVS’ General Counsel, via CNN.<br />We are committed to working with states, municipalities <br />and tribes, and will continue our own important initiatives to help reduce the illegitimate use of prescription opioids, Thomas Moriarty, CVS’ General Counsel, via CNN.<br />The Walgreens portion would be paid out to states over the course of 15 years, also beginning in 2023.<br />We believe this is in the best interest of the company and our stakeholders at this time, Walgreens Statement, via CNN.<br />... and allows our pharmacists, dedicated healthcare professionals who live and work in the communities they serve, , Walgreens Statement, via CNN.<br />... to continue playing a critical role in providing education and resources to help combat opioid misuse and abuse, Walgreens Statement, via CNN.<br />More than 3,000 lawsuits have been brought against companies involved in the manufacturing <br />and distribution of opioids. .<br />More than half a million people in the U.S. have died from opioid overdoses in the past 20 years.<br />In 2020, nearly 10 million people <br />reported misusing opioids.<br />According to 'Bloomberg,' Walmart has also agreed to a tentative settlement of $3 billion
