NEW YORK — Walmart agreed to the framework of a $3.1 billion settlement that resolves allegations from multiple state attorneys general that the company failed to regulate opioid prescriptions that contributed to the nationwide opioid crisis, CNN reported.
The settlement, according to the office of New York Attorney General Letitia James, who co-led a coalition of attorneys general in the negotiations, will also include “broad, court requirements that Walmart must meet, such as robust oversight to prevent fraudulent transactions.” to prevent.” recipes and flag suspicious recipes.”
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Walmart said in a statement that it “believes that the settlement framework is in the best interests of all parties and will provide significant assistance to communities across the country in the fight against the opioid crisis, with aid reaching state and local governments faster than any other nationwide opioid.” settlement to date, subject to satisfaction of all settlement requirements.”
But Walmart said it “strongly disputes the allegations in these cases,” noting that the settlement framework does not include any admission of liability.
The framework will resolve virtually all opioid lawsuits and potential lawsuits by state, local and tribal governments against Walmart, assuming all terms of the settlement are met.
As part of the agreement, New York State will receive up to $116 million. The settlement is still awaiting approval from other states, but James’ office believes they will give the deal their blessing by the end of the year.
“Attorney General James and her colleagues are optimistic that the settlement will receive the backing of the required 43 states by the end of 2022, allowing local governments to join the deal in the first quarter of 2023,” the release said.
Attorneys General from New York, California, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Nebraska, North Carolina, Ohio, Pennsylvania, Tennessee, and Texas helped negotiate this agreement.
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“Promising negotiations” are still underway with other pharmacies, including Walgreens and CVS, James’s office said.
News of the multistate settlement comes after the New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates for its role in the opioid crisis. .
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