PanamaTimes

Tuesday, Mar 10, 2026

CVS, Walgreens finalise $10bn in deals to settle opioid lawsuits

CVS, Walgreens finalise $10bn in deals to settle opioid lawsuits

The deals are among the largest in a wave of proposed and finalised settlements over opioids in recent years.

CVS and Walgreens have agreed to pay state and local governments a combined total of more than $10bn to settle lawsuits over the toll of opioids and now want to know by December 31 whether states are accepting the deals.

States announced final details Monday of settlements that the two largest pharmacy chains in the United States offered last month.

The deals are among the largest in a wave of proposed and finalised settlements over opioids in recent years totalling more than $50bn. Another big pharmacy operator, Walmart, also agreed to a settlement last month for $3.1bn.

Although lawyers involved in the cases are in line for a cut of the payments, most of the money is to be used to fight an overdose epidemic that has only deepened in recent years.

Opioids have been linked to more than 500,000 deaths in the US in the past two decades, with the most casualties in recent years. The drugs responsible for the bulk of the deaths have shifted from prescription painkillers to illicitly produced fentanyl, which is often mixed into other street drugs.

In the 2010s, state and local governments filed thousands of lawsuits seeking to hold the drug industry accountable for the crisis. Key drugmakers and distribution companies have already agreed to settlements.

Now, pharmacies, which were subject to claims that they should have realised they were filling too many opioid prescriptions, are following suit.


‘Help is on the way’


Under the separate deals, states have until the end of the year to agree to drop claims over opioids against Walgreens and CVS to receive the maximum payouts.

If there are not enough states participating, the companies can back out.

California Attorney General Rob Bonta said in a statement Monday that California could get up to $510m in the Walgreens settlement. He said the state is still assessing the terms of the CVS deal.

“To all those struggling with substance abuse disorders, to all those desperately in need of treatment and recovery options — help is on the way,” Bonta said.

Other states, including Massachusetts, New York, North Carolina, Oregon and Pennsylvania, have indicated they are accepting the terms of both settlements.

If there is sufficient sign-on from states, local governments can also sign on to get shares.

The amount awarded to governments is based on their populations and the severity of the opioid crisis there. States will get bigger amounts if more of their local governments agree.

The Walgreens payments could total up to $5.52bn over 15 years. The CVS payments could reach $4.9bn over 10 years. Additionally, the companies have announced tentative payments to Native American tribes totalling more than $250m.

Like other opioid settlements, the agreements call for governments that receive money to use it to fight the drug crisis.

Under the deals, about $1.2bn would be set aside for lawyers’ fees and legal expenses.

The companies also have agreed to monitor, report and share data about suspicious activity related to opioid prescriptions.

“CVS and Walgreens flooded our cities and towns with bottles upon bottles of pills with callous disregard for the suffering their actions caused,” Connecticut Attorney General William Tong said in a statement Monday. “Our settlement mandates significant changes to their business practices, including court-ordered monitoring to ensure the checks and balances that should have been in place all along will now be aggressively enforced.”

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
President Trump warns countries against abandoning recent trade deals with the US
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
Cuba adopts electric tricycles for transport amid fuel shortages
Cuba's fuel crisis leads to mounting waste in Havana
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Cuba Warns It Has Only Weeks of Oil Remaining as US Pressure Tightens
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
WhatsApp Develops New Meta AI Features to Enhance User Control
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
America’s Venezuela Oil Grip Meets China’s Demand: Market Power, Legal Shockwaves, and the New Rules of Energy Leverage
There is no sovereign immunity for poisoning millions with drugs.
President Trump Says United States Will Administer Venezuela Until a Secure Leadership Transition
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
The Pilot Barricaded Himself in the Cockpit and Refused to Take Off: "We Are Not Leaving Until I Receive My Salary"
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
Erling Haaland’s Remarkable Run: 13 Premier League Goals in 10 Matches and Eyes on History
White House Refutes Reports That US Targeting Military Sites in Venezuela
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Argentina’s Markets Surge as Milei’s Party Secures Major Win
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
Ecuadorian President Daniel Noboa Alleges Poison Plot via Chocolate and Jam
Trump Accuses Colombia’s President of Drug-Leadership and Announces End to US Aid
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
FBI Strikes Deep in Maduro’s Financial Web with Bold Money-Laundering Indictments
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
New World Screwworm Creeps Within Seventy Miles of U.S. Border, Threatening Cattle Sector
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Actor, director, environmentalist Robert Redford dies at 89
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
Could AI Nursing Robots Help Healthcare Staffing Shortages?
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
In a highly politically motivated trial, Brazil’s Supreme Court finds former leader Bolsonaro guilty of plotting coup
×