Legal Newsline

Saturday, August 17, 2019

Rite Aid to pay $4.9 million in generic prescription drugs case

By Mark Iandolo | Apr 8, 2016

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.

Want to get notified whenever we write about Virginia Attorney General's Office ?

Sign-up Next time we write about Virginia Attorney General's Office, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Virginia Attorney General's Office

More News