Walmart Enters Settlement Agreement Over Opioid Lawsuits, Joining CVS and Walgreens

Walmart has agreed to become part of a nationwide opioid settlement framework to substantially resolve all opioid lawsuits and potential lawsuits by state, local, and tribal governments — if all conditions are satisfied, the company said. Walmart has earmarked the settlement agreement for $3.1 billion.

Walmart will be joining CVS and Walgreens, who have agreed to pay around $5 billion each to settle multiple opioid-related lawsuits with U.S. states, local governments and tribes.

“Walmart believes the settlement framework is in the best interest of all parties and will provide significant aid to communities across the country in the fight against the opioid crisis,” the company said.

Walmart said its agreement to be part of the settlement framework is not an admission of wrongdoing.