CVS settles with New York over expired products

Albany, N.Y. New York officials say they have reached an $875,000 settlement with CVS Pharmacy to stop sales of expired products, including food, medicine and baby formula, according to the Associated Press.

Attorney General Andrew Cuomo has sued after investigators bought expired goods in 60% of CVS stores they canvassed across the state.

The settlement ends a lawsuit that the state filed after it said CVS breached a prior agreement to halt expired sales.

A CVS spokesman said the company is committed to keeping expired products off shelves and that the settlement doesn't include any admission of wrongdoing.

Cuomo reached a similar settlement with Rite Aid in 2008.

CVS has about 432 New York stores.