Walgreens To Pay New Mexico $500M To Settle Claims Of Fueling Opioid Epidemic
Portfolio Pulse from Happy Mohamed
Walgreens has agreed to pay $500 million to New Mexico to settle claims that it fueled the opioid epidemic in the state. The settlement resolves a lawsuit filed by the state's attorneys.
June 09, 2023 | 2:54 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Walgreens Boots Alliance (WBA) will pay $500 million to New Mexico to settle claims of fueling the opioid epidemic, resolving a lawsuit filed by the state's attorneys.
The $500 million settlement is a significant financial burden for Walgreens and may negatively impact its short-term stock price. The settlement also highlights the company's role in the opioid crisis, which could damage its reputation and potentially lead to further legal actions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100