U.S. grocery chain Kroger agrees to pay up to US$1.4 billion to settle opioid lawsuits

France Nouvelles Nouvelles

U.S. grocery chain Kroger agrees to pay up to US$1.4 billion to settle opioid lawsuits
France Dernières Nouvelles,France Actualités
  • 📰 CTVNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 99%

One of the largest grocery chains in the United States is the latest company to agree to settle lawsuits over the U.S. opioid crisis.

In a deal announced Friday, the Kroger Co. would pay up to US$1.4 billion over 11 years. The amount includes up to US$1.2 billion for state and local governments where it operates, US$36 million to Native American tribes and about US$177 million to cover lawyers' fees and costs.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.

Most of the settlement money is to be used to address an overdose epidemic linked to more than 80,000 deaths a year in the U.S. in recent years, with most of the latest deaths connected to illicit synthetic drugs such as fentanyl rather than prescription painkillers.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CTVNews /  🏆 1. in CA

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ruixin Liu posts best round of the year to lead LPGA in CincinnatiRuixin Liu posts best round of the year to lead LPGA in CincinnatiChina’s Ruixin Liu shoots 7-under 65 to lead Kroger Queen City Championship
Lire la suite »

Kroger's quarterly same-store sales miss estimatesKroger's quarterly same-store sales miss estimates(Reuters) - Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and ...
Lire la suite »

Kroger to pay up to $1.2 billion to US states and subdivisions in opiod settlementKroger to pay up to $1.2 billion to US states and subdivisions in opiod settlement(Reuters) - Kroger on Friday said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes to settle ...
Lire la suite »

Kroger settles opioid case, posts net loss on related chargeKroger settles opioid case, posts net loss on related chargeThe company said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes to settle the majority of opioid claims brought against it by the states and Native American Tribes. Shares of the supermarket chain, which is merging with smaller rival Albertsons in a $25-billion deal, were down 1.8% in premarket trade, after its quarterly same-store sales missed market expectations.
Lire la suite »

Kroger and Albertsons to Sell 413 Stores to C&S for $1.9 BillionKroger and Albertsons to Sell 413 Stores to C&S for $1.9 BillionKroger Co. and Albertsons Cos. agreed to sell 413 stores to C&S Wholesale Grocers in a divestiture designed to help win antitrust approval for their $24.6 billion merger.
Lire la suite »



Render Time: 2025-03-09 15:03:50