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Walmart Agrees to Pay $3.1 Billion to Settle Opioid Lawsuits
Jan HoffmanNew York Times
15 Nov 2022
Excerpt:
Walmart, the largest retailer in the United States, has agreed to pay $3.1 billion to resolve thousands of lawsuits over its pharmacies’ roles in the opioid crisis, the company and lawyers for states, local governments and tribes announced Tuesday.
The agreement follows tentative deals announced this month by CVS and Walgreens, which are still being negotiated. If finalized, the total amount from the three giant pharmacy retailers would reach about $13.1 billion, including $400 million for Native American tribes.
The tribes would be paid $89 million just from the Walmart deal, Steve Skikos, a lawyer for the tribes, said.
The money from this and earlier settlements with pharmaceutical companies is expected to go toward drug treatment and education programs, to help communities combat a continuing addiction wave, now largely fueled by illegal fentanyl.