Walmart Says First Threshold for $3.1 Billion Nationwide Opioid Settlement Reached
December 20 2022 - 02:42PM
Dow Jones News
By Denny Jacob
Walmart Inc. on Tuesday said it surpassed the first threshold
required to finalize its $3.1 billion nationwide opioid settlement
framework.
The retailer said it has settlement agreements with all 50
states, including four states that previously settled with the
company, as well as the District of Columbia, Puerto Rico and three
other U.S. territories.
The participation of 43 states were required to join the
settlement by Dec. 15 in order to proceed. The settlement will take
effect if a sufficient number of cities and counties also join,
Walmart said.
Walmart said it disputes the allegations in these matters and
that the settlements don't include any admission of liability.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 20, 2022 14:27 ET (19:27 GMT)
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