By Will Feuer

Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements.

Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana's favor for $642 million.

Humana didn't immediately respond to a request for comment on Monday.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

January 08, 2024 16:02 ET (21:02 GMT)

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