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People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly
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Legal

Walgreens settles New York charges it inflated prices of infant formula

March 11th, 2024 | 21:51 PM Legal 1

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By Reuters

Walgreens (WBA.O) has settled charges by New York Attorney General Letitia James that the pharmacy chain grossly inflated prices on at least 20 infant formula products in 2022 after a recall by Abbott Labs (ABT.N) led to a nationwide shortage.

Walgreens did not admit or deny wrongdoing in entering an assurance of discontinuance dated March 7 and made public on Monday.

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