In a deal announced Friday, the Kroger Co. — the parent company of King Soopers and City Market — would pay up to $1.4 billion over 11 years. The amount includes up to $1.2 billion for …
One of the nation’s largest grocery chains is the latest company to agree to settle lawsuits over the U.S. opioid crisis.
Kroger currently has stores in 35 states — virtually everywhere save the Northeast, the northern plains and Hawaii. Thirty-three states would be eligible for money in the deal. The company previously announced settlements with New Mexico and West Virginia.“The number of overdose deaths from opioids is a clarion call for action.
Over the past eight years, prescription drug manufacturers, wholesalers, consultants and pharmacies have proposed or finalized opioid settlements totaling more than $50 billion, including at least 12 others worth more than $1 billion. The U.S. Supreme Court is set to hear arguments later this year on whether one of the larger settlements, involving OxyContin maker Purdue Pharma, is legal.
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