WBA - Walgreens Challenges Nearly $1B Arbitration Award Over Alleged Breach of COVID-19 Test Business Contract | Benzinga
Retail pharmacy giant Walgreens Boots Alliance Inc (NASDAQ:WBA) has reportedly taken legal action against an arbitration award of nearly $1 billion issued to telemedicine provider PWNHealth in a contract dispute.
PWNHealth, also known as Everly Health Solutions, has sought affirmation of the arbitration award.
Walgreens contends that the $987 million award is excessively high, exceeding the allowable damages under the contract by twelvefold, Reuters reported on Tuesday.
The company argues that such an award would set a record under the federal Lanham Act, a law governing false advertising and trademark protection.
The dispute stems from allegations by Everly that Walgreens breached the terms of a COVID-era business contract by diverting COVID-19 tests away from Everly’s ...