According to CNN, Walgreens will pay up to $350 million to settle a Department of Justice lawsuit. The lawsuit accused the pharmaceutical company of illegally filling millions of opioid and controlled substance prescriptions between 2012 and 2023. The DOJ alleges Walgreens ignored red flags, pressured pharmacists to fill prescriptions quickly, and billed federal programs for invalid prescriptions, violating the False Claims Act. The company denies wrongdoing but agreed to enhance compliance with the DEA and HHS, implement new training and oversight policies, and resolve whistleblower cases.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walgreens will pay up to $350 million to settle a Department of Justice lawsuit, according to CNN.
00:08Lawsuit accused the pharmaceutical company of illegally filling millions of opioid-controlled substance prescriptions between 2012 and 2023.
00:16DOJ alleges Walgreens ignored red flags, pressured pharmacists to fill prescriptions quickly,
00:21and billed federal programs for invalid prescriptions, violating the False Claims Act.
00:25The company denies wrongdoing but agreed to enhance compliance with the DEA and HHS,
00:31implement new trading and oversight policies, and resolve whistleblower cases.
00:34For all things money, visit Benzinga.com slash GSTV.