Walgreens To Pay New Mexico $500M To Settle Claims Of Fueling Opioid Epidemic
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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
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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.
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