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Benzinga
210 days

Justice Department Accuses Walgreens Of Violating Drug Laws In Opioid Epidemic, Ignored Red Flags In Opioid Crisis

1. Walgreens faces federal lawsuit over prescription violations and opioid crisis contribution. 2. Complaint alleges Walgreens dispensed unlawful prescriptions since 2012, risking patient safety. 3. If liable, Walgreens could incur penalties exceeding $80,850 per unlawful prescription. 4. Stock price has dropped 13.4% following the announcement of the lawsuit.

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FAQ

Why Very Bearish?

The lawsuit implicates significant legal liabilities; past instances show similar cases led to sharp stock declines.

How important is it?

The article details a severe legal challenge that may significantly affect WBA's operations and reputation.

Why Short Term?

Immediate stock market reactions to lawsuits typically produce short-term volatility and declines.

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