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Stock impact report

Pharmacies prevail in appeal of $650-million opioid award in Ohio [CNBC]

Walgreens Boots Alliance, Inc. (WBA) 
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
Company Research Source: CNBC
The Ohio Supreme Court held on a 5-2 vote, opens new tab that a state law barred Lake and Trumbull counties' claims that the dispensing of addictive pain medications by the pharmacy chains created a public nuisance that the companies should be forced to address. Justice Joseph Deters, writing for the majority, said the court recognized that the deadly epidemic had touched the lives of people throughout Ohio and “undoubtedly has far-reaching consequences for their communities and for the state as a whole.” “Creating a solution to this crisis out of whole cloth is, however, beyond this court's authority,” Deters wrote. He said an amendment to the Ohio Products Liability Act that the state legislature adopted in 2007 barred all common-law public nuisance claims based on the sale of products that seek compensation from a product's manufacturer or supplier. Representatives for the companies and counties did not immediately respond to requests for comment. The case was the first Show less Read more
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