Walmart offers $3.1 billion settlement to states, tribes in opioid lawsuits [USA TODAY]
CVS Health Corporation (CVS)
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Source: USA TODAY
The settlement is the latest result of a long line of lawsuits filed by state and local governments across the U.S. against the drug industry over the toll of powerful prescription opioids. Attorneys general from several states accused Walmart in its lawsuit of failing to appropriately oversee the dispensing of these medications at its stores. Walmart's plan would have to be approved by 43 states by Dec. 15, and local governments could sign on by March 31, 2023. Each state's allocation depends partly on how many local governments agree. The retail giant's announcement follows similar proposals on Nov. 2 from the two largest U.S. pharmacy chains, CVS Health and Walgreen Co., which each said they would pay about $5 billion. Indiana state is expected to receive approximately $53 million as part of the tentative settlement, according to a news release from the Indiana Attorney General's Office. Sixteen state attorneys general, including Indiana Attorney General Todd Rokita, negotia
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CVS
Earnings
- 2/7/24 - Beat
CVS
Sec Filings
- 4/16/24 - Form PX14A6G
- 4/5/24 - Form ARS
- 4/5/24 - Form DEF
- CVS's page on the SEC website