Walgreens agrees to pay $100 million to resolve lawsuit over generic drug pricing [CNBC]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: CNBC
Walgreens was accused of wrongly requiring insured customers to pay more than members of its Prescription Savings Club, who for a low annual fee could buy more than 500 widely prescribed generic drugs for $5, $10 and $15 for 30-day prescriptions, and $10, $20 and $30 for 90-day prescriptions without using insurance. In a filing on Friday in federal court in Chicago, lawyers for the class of plaintiffs suing the drugstore chain sought approval for the settlement, calling it an “excellent result” for the class. “We admit no liability and believe these claims never had any merit,” a Walgreens spokesperson said in a statement. “This resolution allows us to focus on our turnaround strategy that will benefit our patients, customers, team members and shareholders.” The lawsuit alleged that the prices Walgreens charged to its savings club members were its “usual and customary” prices, and that the prices it reported to insurers for reimbursement were inflated. It said that insured cust
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WBA
Earnings
- 10/15/24 - Beat
WBA
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- WBA's page on the SEC website