Act fast! How shoppers from this pharmacy giant can claim their share of the massive $100 million settlement
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Attention, Walgreens patrons!
If you've filled a prescription at Walgreens between January 1, 2007, and November 18, 2024, you might be entitled to a piece of a colossal $100 million settlement pie.
But you'll need to move quickly—the clock is ticking, and the deadline to stake your claim is rapidly approaching.
The Backstory: A Price Hike Controversy
Walgreens, a household name in pharmacy retail, has been embroiled in a legal tussle over allegations of inflating the “usual and customary” prices for prescriptions under its Prescription Savings Club program.
This purported malpractice, spanning a 17-year period, is said to have caused insurers and third parties to overpay.
While Walgreens has not admitted to any wrongdoing, the company has agreed to a hefty $100 million settlement to resolve the claims.
This settlement is a significant development for consumers and third-party payers alike, as it addresses a nearly two-decade-long period where pricing practices were under scrutiny.
Who's Eligible and What's at Stake?
The settlement benefits a broad swath of customers and entities who paid for prescriptions at Walgreens during the specified timeframe.
If you used prescription insurance to purchase your medication, you might be in line for compensation.
Here's the breakdown: Individual claimants are set to receive a proportional share of 20% of the total settlement fund. That's a potential $20 million divided among eligible consumers.
The actual amount you receive will depend on the number of valid claims submitted—the more claims, the smaller the individual payouts.
Also read: $10,000 payout on the table? A new settlement could mean big money for some Americans
Third-party entities, such as insurers, are earmarked to receive a proportional share of the remaining 80%, which amounts to $80 million.
It's important to note that the distribution of funds is designed to be equitable, ensuring no single individual or entity receives a larger slice than another.
Gathering Your Evidence
To lay claim to your share, you'll need to provide proof of purchase. This is a standard requirement in class-action lawsuits, serving as confirmation that you were affected by the issue at hand and are thus entitled to a portion of the settlement.
Proof of purchase can include a variety of documentation, such as receipts, invoices, bank statements, or other transaction records like canceled checks.
These documents should clearly indicate that you bought prescriptions from Walgreens during the relevant period.
The Clock is Ticking: Deadline Looms
The deadline to submit your claim is just around the corner—Thursday, April 17. Miss this date, and you forfeit your chance to participate in the settlement. It's a one-time opportunity, so it's crucial to act without delay.
Source: Hearst Television / Youtube.
The final hearing is scheduled for October 9, after which the settlement will be finalized and the distribution process will begin.
Read next: Checks up to $25k from this settlement—see if you’re on the list
Have you ever been part of a class-action settlement before? What was your experience? Join the conversation and let us know in the comments below!
If you've filled a prescription at Walgreens between January 1, 2007, and November 18, 2024, you might be entitled to a piece of a colossal $100 million settlement pie.
But you'll need to move quickly—the clock is ticking, and the deadline to stake your claim is rapidly approaching.
The Backstory: A Price Hike Controversy
Walgreens, a household name in pharmacy retail, has been embroiled in a legal tussle over allegations of inflating the “usual and customary” prices for prescriptions under its Prescription Savings Club program.
This purported malpractice, spanning a 17-year period, is said to have caused insurers and third parties to overpay.
While Walgreens has not admitted to any wrongdoing, the company has agreed to a hefty $100 million settlement to resolve the claims.
This settlement is a significant development for consumers and third-party payers alike, as it addresses a nearly two-decade-long period where pricing practices were under scrutiny.
Walgreens has reached a $100 million settlement over alleged price hikes on prescriptions, which customers may claim a portion of. Image source: Hearst Television / Youtube.
Who's Eligible and What's at Stake?
The settlement benefits a broad swath of customers and entities who paid for prescriptions at Walgreens during the specified timeframe.
If you used prescription insurance to purchase your medication, you might be in line for compensation.
Here's the breakdown: Individual claimants are set to receive a proportional share of 20% of the total settlement fund. That's a potential $20 million divided among eligible consumers.
The actual amount you receive will depend on the number of valid claims submitted—the more claims, the smaller the individual payouts.
Also read: $10,000 payout on the table? A new settlement could mean big money for some Americans
Third-party entities, such as insurers, are earmarked to receive a proportional share of the remaining 80%, which amounts to $80 million.
It's important to note that the distribution of funds is designed to be equitable, ensuring no single individual or entity receives a larger slice than another.
Gathering Your Evidence
To lay claim to your share, you'll need to provide proof of purchase. This is a standard requirement in class-action lawsuits, serving as confirmation that you were affected by the issue at hand and are thus entitled to a portion of the settlement.
Proof of purchase can include a variety of documentation, such as receipts, invoices, bank statements, or other transaction records like canceled checks.
These documents should clearly indicate that you bought prescriptions from Walgreens during the relevant period.
The Clock is Ticking: Deadline Looms
The deadline to submit your claim is just around the corner—Thursday, April 17. Miss this date, and you forfeit your chance to participate in the settlement. It's a one-time opportunity, so it's crucial to act without delay.
Source: Hearst Television / Youtube.
The final hearing is scheduled for October 9, after which the settlement will be finalized and the distribution process will begin.
Read next: Checks up to $25k from this settlement—see if you’re on the list
Have you ever been part of a class-action settlement before? What was your experience? Join the conversation and let us know in the comments below!
