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Walmart settles federal opioid lawsuit for $50 million, with oversight requirements.
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Consumer Staples
Walmart Inc.Walmart has agreed to pay $50 million to settle a federal opioid lawsuit, resolving a case that the Justice Department had suggested could result in billions of dollars in penalties. The retailer did not admit liability and called the payment immaterial, noting it earned $11.7 billion in net income in the six months ending July 31. The settlement, filed in federal court in Wilmington, Delaware, ends nearly six years of litigation and includes requirements for stronger pharmacy oversight and a hotline for reporting suspected unlawful dispensing. This follows Walmart's $3.1 billion settlement in 2022 with state and local governments over opioid-related claims.
Walmart Inc.Walmart settles federal opioid lawsuit for $50 million, with oversight requirements.