WALGREENS shoppers can get a one-time payment from a massive $100 million price hike settlement.
Time is quickly running out for consumers to send off a claim form for the suit, as the company is accused of malpractice over a 17 year period.
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Walgreens is paying out a massive $100 million sum to settle claims that it charged insurance companies more than it should have for prescription drugs.
This would have caused insurers and other third parties to pay Walgreens more than they needed to.
Plaintiffs say that Walgreens inflated its “usual and customary” prices for prescription drugs.
This directly effected the prices under its Prescription Savings Club program.
It is important to note that Walgreens has not directly admitted to any wrongdoing, and is paying out the cash to settle the claims.
The Walgreens Prescription Savings Club settlement stands to benefit countless customers, as these practices are supposed to have taken place over a nearly 20-year time frame.
It benefits customers and entities who paid for prescription drugs from Walgreens between January 1, 2007, and November 18, 2024.
Those who are eligible for payment had to have used prescription insurance benefits to fill the prescription, per Top Class Actions.
HOW MUCH CAN YOU BE PAID?
Under the terms of the settlement, class members are eligible to receive a cash payment based on the amount they paid for eligible prescription drugs.
This has to have happened during the stated period, from 2007 to 2024.
Individual claimants will receive a proportional share of 20% of the total settlement fund.
This means that depending on many people submit valid claims, you will be paid an even share of a $20,000,000 total.
The more people submit a valid claim, the less overall cash you will get.
Third party entities, such as the insurers themselves, can receive a proportional share of the remaining 80%, or $80,000,000.
For both of these cases, no individual or entity will receive more than then other person, meaning all claims are treated equally.
WHAT PROOF DO YOU NEED TO CLAIM?
In a class action lawsuit, the court can demand a proof of purchase.
This confirms that you were effected by the claims and are therefore entitled to receive a share of the payout.
What’s a class-action settlement?
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
In this case, proof of purchase includes physical confirmation you bought prescriptions drugs from Walgreens during the time period.
This includes things like receipts, invoices, bank statements or other transaction records like a canceled check.
WHEN’S THE DEADLINE TO CLAIM?
If you believe you are eligible to claim in this settlement, you must act quickly.
The deadline is just hours away, set for Thursday April 17, meaning you either apply before then or lose your chance forever.
The final hearing is set for October 9.
If you are not eligible, meaning if you did not buy prescription drugs during the above period, you should not submit a claim form.
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