Walmart Announces Nationwide Opioid Settlement Framework
November 15 2022 - 7:10AM
Business Wire
Walmart announced today it has agreed to a $3.1 billion
nationwide opioid settlement framework designed to resolve
substantially all opioid lawsuits and potential lawsuits by state,
local, and tribal governments, if all conditions are satisfied.
Walmart believes the settlement framework is in the best
interest of all parties and will provide significant aid to
communities across the country in the fight against the opioid
crisis, with aid reaching state and local governments faster than
any other nationwide opioid settlement to date, subject to
satisfying all settlement requirements.
Walmart is proud of our pharmacists and our efforts to help
fight the opioid crisis. Walmart strongly disputes the allegations
in these matters, and this settlement framework does not include
any admission of liability. Walmart will continue to vigorously
defend the company against any lawsuit not resolved through this
settlement framework.
About Walmart’s Commitment to Opioid
Stewardship
Walmart’s mission is to help people “live better,” and this
includes both providing our customers with access to their
prescription medications and helping to fight the opioid crisis
facing our country. Walmart has adopted many approaches to fighting
the opioid crisis, such as:
- Educating and empowering pharmacists
- Reducing the amount of opioids dispensed
- Protecting against diversion and theft
- Increasing access to overdose reversal medication
- Educating our patients and our communities about opioid
abuse
- Advocating for state and national policies aimed at curbing
opioid abuse and misuse
More information about Walmart’s industry-leading Opioid
Stewardship program is available at
https://corporate.walmart.com/opioids.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, approximately
230 million customers and members visit more than 10,500 stores and
numerous eCommerce websites under 46 banners in 24 countries. With
fiscal year 2022 revenue of $573 billion, Walmart employs
approximately 2.3 million associates worldwide. Walmart continues
to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting https://corporate.walmart.com, on Facebook at
https://facebook.com/walmart and on Twitter at
https://twitter.com/walmart.
Forward-Looking
Statements
This release contains statements that may be deemed to be
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended (the “Act”), that
are intended to enjoy the protection of the safe harbor for
forward-looking statements provided by the Act as well as
protections afforded by other federal securities laws. Assumptions
on which such forward-looking statements are based are also
forward-looking statements. Such forward-looking statements can
typically be identified by the use therein of words and phrases
such as “believe,” “continue,” “designed to,” “to be,” “will
continue,” “will provide,” variations of such words or phrases,
other phrases commencing with the word "will" or similar words and
phrases denoting anticipated or expected occurrences or results.
These forward-looking statements are based on our knowledge and
assumptions that we believe to be reasonable when such
forward-looking statements were or are made. Consequently, this
cautionary statement qualifies all forward-looking statements we
make, including those made herein and incorporated by reference
herein. We cannot assure you that the results or developments
expected or anticipated by us will be realized or, even if
substantially realized, that those results or developments will
result in the expected consequences for us or affect us, our
business, our operations or our operating results in the manner or
to the extent we expect. We caution readers not to place undue
reliance on such forward-looking statements, which speak only as of
their dates. We undertake no obligation to revise or update any of
the forward-looking statements to reflect subsequent events or
circumstances except to the extent required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221114006154/en/
Media Contact Randy Hargrove (800) 331-0085
Investor Contact Steph Wissink
stephanie.wissink@walmart.com
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