Walmart has agreed to a $3.1 billion settlement to resolve “substantially all opioid lawsuits and potential lawsuits by state, local, and tribal governments, if all conditions are satisfied,” according to a press release from the company.
In the framework, the Bentonville-based retail giant does not admit liability, and says it strongly disputes the lawsuits from state and local governments that allege its pharmacies improperly filled prescriptions for painkillers.
“Walmart will continue to vigorously defend the company against any lawsuit not resolved through this settlement framework,” the company stated in its press release over the settlement.
The release also states Walmart’s mission to “live better” includes both providing customers with access to their prescription medications and helping to fight the opioid crisis.
News of this framework comes the same day as Walmart’s fiscal third quarter report, which shows a loss of $1.8 billion in its third quarter, according to the Associated Press.
To read about the approaches Walmart says it has adopted to help fight the opioid crisis, click here.