Walmart coughs up $215 million to resolve Florida opioid lawsuits

Walmart coughs up $215 million to resolve Florida opioid lawsuits

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  • Walmart Inc WMT will pay $215 million to break up his opioid ties in Florida. As part of the agreement, Walmart also agreed to give 672,000 treatment kits containing the anti-overdose drug naloxone to first responders.
  • The state has now secured $3.2 billion through legal action to combat the opioid crisis, including $683 million Walgreens Boots Alliance Inc WBA$484 million with CVS Health Corp CVand a combined $394 million with three drug manufacturers.
  • “This partnership is the latest chapter in Walmart’s commitment to addressing the opioid crisis,” Walmart spokesman Randy Hargrove said in a statement.
  • The dealer did not admit any wrongdoing. It previously settled opioid-related claims from West Virginia for $65 million and New Mexico for an undisclosed sum. In August, it was also ordered to pay $650.6 million along with Walgreens and CVS in two counties of Ohio.
  • Price promotion: WMT shares are down 0.19% to $133.84 during the premarket session last Check Friday.
  • Photo by Diamond Rehab Thailand via Pixabay


Read full story here https://www.benzinga.com/news/large-cap/22/10/29357469/walmart-coughs-up-215m-to-resolve-opioid-lawsuits-in-florida

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