CHARLESTON, W.Va. (Legal Newsline) — Rite Aid will pay $4.9 million to resolve allegations it failed to pass cost savings from generic prescription drugs onto consumers, West Virginia Attorney General Patrick Morrisey has announced.
Morrisey’s office alleged Rite Aid failed to accurately calculate and then pass on savings from the sale of its generic prescription drugs to consumers.
“Companies choosing to operate in West Virginia must respect its laws,” Morrisey said. “We will always enforce our laws and protect consumers.”
As part of the settlement, Rite Aid agreed to implement a compliance program to align with the state’s Pharmacy Act, which mandates that pharmacies pass retail savings from generic prescription drug sales onto consumers.
Rite Aid denied any wrongdoing. Both sides agreed to the financial payout and compliance program. Rite Aid must implement the compliance program within the next two years.