Walmart reaches settlement deal for shareholder lawsuits over its ...

Oct 18, 2024 · NEW YORK (AP) — Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of the company over the handling …

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Walmart Reaches Opioid Shareholder Settlement - MSN

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Walmart reaches opioid shareholder settlement. Story by Sophia Vento • 1mo. ... In 2022, Walmart paid $3.1 billion to settle nationwide lawsuits regarding opioid prescriptions.

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FAQs about Walmart reaches settlement deal for shareholder lawsuits over its ... Coupon?

Does Walmart have a settlement Pact?

NEW YORK (AP) — Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of the company over the handling of prescription opioids. ...

How did Walmart settle a $123 million lawsuit?

A Walmart pharmacy worker processes a prescription in an updated company photo. Walmart Walmart has struck a $123 million deal to settle three shareholder lawsuits over the retail giant's distribution of prescription opioids. The agreement was revealed Friday in a filing with the Securities and Exchange Commission, the Wall Street Journal reported. ...

Does Walmart have a settlement deal with opioid lawsuits?

By Connor Hart Walmart has reached a proposed settlement agreement in connection with three shareholder lawsuits regarding its distribution of prescription opioids, the latest cases the retailer has resolved as part of the opioid crisis. ...

Why did Walmart agree to a $3.1 billion settlement with state governments?

The agreement was revealed Friday in a filing with the Securities and Exchange Commission, the Wall Street Journal reported. It followed a $3.1 billion nationwide settlement Walmart reached with state governments in 2022 over its alleged role in fueling opioid addictions. ...

Why did Walmart settle a derivative action in Delaware?

The settlement comes after three shareholders in 2020 filed a derivative action in the Delaware Court of Chancery. The plaintiffs alleged that certain current and former Walmart directors and officers didn't act in the best interests of shareholders by failing to adequately oversee the company's distribution and dispensing of prescription opioids. ...

Why did Walmart file a lawsuit against the federal government?

The retailer has also faced scrutiny from the federal government, with the Justice Department in December 2020 filing a lawsuit for the company's alleged role in the opioid crisis. The suit claimed Walmart sought to boost profits by understaffing its pharmacies and pressuring employees to fill prescriptions quickly. ...