Jury Holds Walmart, CVS, Walgreens Liable In Opioid Distribution

Jury Holds Walmart, CVS, Walgreens Liable In Opioid Distribution

A federal jury on Tuesday concluded that three retail pharmacy chains – Walmart, CVS and Walgreens – recklessly distributed massive amounts of opioids, according to AP, which adds that the verdict could ‘set the tone’ for future lawsuits brought by county governments that want to hold pharmacies accountable for their part in the opioid crisis.

The counties blamed pharmacies operated by CVS, Walgreens and Walmart for not stopping the flood of pills that caused hundreds of overdose deaths and cost each of the two counties about $1 billion, their attorney said.

This was the first time pharmacy companies had completed a trial to defend themselves in a drug crisis that has killed a half-million Americans over the past two decades. -AP

Stocks in Walmart and Walgreens were off sharply on the verdict.

Developing…

Tyler Durden
Tue, 11/23/2021 – 13:52

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