Walmart Coughs Up $215M To Resolve Opioid Lawsuits In Florida

Walmart Inc WMT will pay $215 million to resolve its opioid-related in Florida. As part of the deal, Walmart has also agreed to dispense 672,000 treatment kits with the anti-overdose drug naloxone to first responders.
The state has now secured $3.2 billion through legal action to help fight the opioid crisis, including $683 million with Walgreens Boots Alliance Inc WBA, $484 million with CVS Health Corp CVS, and a combined $394 million with three drugmakers.
"This partnership is the latest chapter in Walmart's commitment to fight the opioid crisis," Walmart spokesperson Randy Hargrove said in a statement.
The retailer did not admit any wrongdoing. It previously settled opioid-related claims brought by West Virginia for $65 million and New Mexico for an undisclosed sum. It was also ordered in August to pay a combined $650.6 million with Walgreens and CVS to two Ohio counties.
Price Action: WMT shares are down 0.19% at $133.84 during the premarket session on the last check Friday.
Photo by Diamond Rehab Thailand via Pixabay