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Stock impact report

West Virginia announces $147 million opioid settlement with CVS, Walmart [MarketWatch]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: MarketWatch
the companies' roles in contributing to the oversupply of prescription drugs that fueled the opioid epidemic in the country's most impacted state, Attorney General Patrick Morrisey announced Tuesday. Walmart WMT, and CVS CVS, were two lawsuits that were part of a larger trial that was pushed back to June of next year along with Kroger KR, and Walgreens WBA, Morrisey recently announced a settlement with Rite Aid RAD, for up to $30 million to resolve similar litigation. The lawsuits allege the pharmacies' contributions to the oversupply of prescription opioids in the state have caused “significant losses through their past and ongoing medical treatment costs, including for minors born addicted to opioids, rehabilitation costs, naloxone costs, medical examiner expenses, self-funded state insurance costs and other forms of losses to address opioid-related afflictions and loss of lives.” It brings the total settlements by the state in opioid lawsuits to $875 million, including $296 m Show less Read more
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