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CVS Settles Expired Product Lawsuit

New York officials say they've reached an $875,000 settlement with CVS Pharmacy Inc. to stop sales of expired products - including food, medicine and baby formula.

Attorney General Andrew Cuomo, who announced the agreement Tuesday, sued after investigators bought expired goods in 60 percent 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 says 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 is the retail division of Woonsocket, R.I.-based CVS Caremark Corp. It has about 432 New York stores.