NY Receives $4.5M from Walgreens & CVS in Opioid Settlement

Bridget Mulroy

Financial compensation in the country's opioid crisis.Photo by(@Kameleon007/iStock)

The Attorney General of New York has announced the disbursement of the state's portion of $10.7 Billion awarded in a settlement from CVS and Walgreens pharmacies. Payments are expected to be dispersed in the second half of 2023. Other corporations are settling alongside the pharmaceutical companies... ($54 Billion.)

Walgreens and CVS Pharmacies (and others) are being held accountable for the opioid crisis in the United States. CVS has been ordered to pay $5 Billion, and Walgreens is set to pay $5.7 Billion.

The New York Attorney General has allocated $2.5 Billion to the abatement, rehabilitation/treatment, and ultimate prevention of opioid abuse. The settlement is intended to be distributed to thousands of communities across the country.

According to the New York Attorney General, “New York will receive up to $458,210,563.35 as part of the settlement, bringing the total amount secured by Attorney General James to combat the opioid crisis in New York to more than $2.5 billion.”

Attorney General James seems to have a knack for being able to dig into corrupt pharmaceutical companies. According to the NYAG report, “Last month, Attorney General James and 16 other state attorneys general announced a $3.1 billion multistate settlement with Walmart, resolving allegations that the company failed to regulate opioid prescriptions at its stores. She also secured up to $523 million from Teva Pharmaceuticals, Ltd., its American subsidiary Teva Pharmaceuticals USA, and its affiliates (Teva) for their role in fueling the opioid crisis, resolving the remedies phase of New York’s opioid trial after she achieved a historic liability verdict following a seven-month jury trial against Teva in 2021. In June 2022, Attorney General James secured up to $58.5 million from Mallinckrodt for fueling the opioid crisis in New York. In December 2021, Attorney General James reached a $200 million agreement with Allergan. In September 2021, Attorney General James secured $50 million from Endo to combat the opioid crisis. In July 2021, Attorney General James secured a settlement with McKesson, Cardinal Health, and Amerisource Bergen that will deliver $1 billion to New York. In June 2021, Attorney General James announced a settlement that will deliver $230 million to New York and end Johnson & Johnson’s sale of opioids nationwide.”

“In New York and across the nation, communities continue to mourn family, friends, and loved ones lost to the opioid crisis. Though we cannot reverse the devastation, my fellow attorneys general and I are committed to holding those who allowed this epidemic to run rampant through our country to account. We have now recovered $2.5 billion for New York from opioids manufacturers and distributors, and with those funds, we will continue to support and expand abatement, treatment, and prevention efforts statewide.” – Attorney General James


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