National pharmaceutical retailer Walgreens has agreed to pay at least $300 million to settle allegations it illegally fulfilled millions of invalid controlled substance prescriptions for more than a decade.

Per the terms of the settlement, Walgreens will pay the federal government $300 million to resolve allegations that the company violated both the Controlled Substances Act and the False Claims Act on numerous occasions between August 2012 and March 2023.

If Walgreens is sold, merged or transferred before fiscal 2032, then it will owe the U.S. an additional $50 million.

"During the Relevant Time Periods, Walgreens knowingly filled numerous invalid controlled-substances........

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