NEW YORK (Reuters) – Walgreens has settled charges by New York Attorney General Letitia James that the pharmacy chain grossly inflated prices on at least 20 infant formula products in 2022 after a recall by Abbott Labs led to a nationwide shortage.

Walgreens did not admit or deny wrongdoing in entering an assurance of discontinuance dated March 7 and made public on Monday.

(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)

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