US EditionKroger will pay up to $1.2 billion to settle most nationwide opioid claims
- Kroger has agreed to pay $1.2 billion to U.S. States, subdivisions, and Native American tribes to settle claims that it contributed to the opioid epidemic. The settlement does not imply wrongdoing or liability. The company will also pay $36 million to Native American tribes over 11 years.
- State and local governments have filed thousands of lawsuits against drug companies and wholesalers regarding the opioid crisis. Walmart, CVS, and Rite Aid have previously settled similar cases with varying amounts.
- Kroger reported a net loss in the second quarter due to a $1.4 billion charge related to the opioid settlement. The company's shares decreased, and its same-store sales for the quarter slightly missed market expectations.
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Kroger grocery chain to pay $1.2 billion to settle opioid lawsuits
According to a lawsuit filed last month, although the Drug Enforcement Administration requires companies to flag suspicious orders of controlled substances, Kroger acted as a distributor and dispenser of the pills, and "continued to participate in the oversupply and profit from it."
·Portland, United States
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Total News Sources46
Leaning Left5Leaning Right6Center31Last UpdatedBias Distribution74% Center
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C 74%
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