State Officials Announce $4.9 Million Settlement with Rite Aid
West Virginia officials have reached a $4.9 million settlement with Rite Aid in a dispute involving cost savings stemming from generic prescription drugs sales.
Attorney General Patrick Morrisey made the announcement Tuesday in a news release.
The lawsuit stated that Rite Aid failed to accurately calculate and pass along retail savings from its prescription drugs sale. The lawsuit also said that each instance was a violation of the state's Consumer Credit and Protection Act.
Rite Aid denies any wrongdoing.
Morrisey says companies choosing to operate in West Virginia must respect its laws.
In addition to paying $4.9 million, the company must implement a compliance program in accordance with the state's Pharmacy Act, which requires pharmacies to pass retail savings from generic prescription drug sales onto consumers.