Kroger to Pay $1.2 Billion to Settle Opioid Claims with States and Tribes

Kroger will pay $1.2 billion to settle most nationwide opioid claims, including $1.2 billion to U.S. states and local governments and $36 million to Native American tribes over 11 years.
Kroger took a $1.4 billion charge related to the settlements and associated legal fees, resulting in a net loss for the second quarter.
Kroger is the latest retail pharmacy chain to announce a nationwide opioid settlement after deals from Walgreens, CVS, and Walmart.
State and local governments have filed thousands of lawsuits against companies accused of contributing to the opioid epidemic and oversupply of prescription drugs.
Over 564,000 people died from opioid overdoses from 1999 to 2020, initially involving prescription drugs before people switched to heroin.

Kroger will pay $1.2 billion to settle most nationwide opioid claims, including $1.2 billion to U.S. states and local governments and $36 million to Native American tribes over 11 years.
Kroger took a $1.4 billion charge related to the settlements and associated legal fees, resulting in a net loss for the second quarter.
Kroger is the latest retail pharmacy chain to announce a nationwide opioid settlement after deals from Walgreens, CVS, and Walmart.
State and local governments have filed thousands of lawsuits against companies accused of contributing to the opioid epidemic and oversupply of prescription drugs.
Over 564,000 people died from opioid overdoses from 1999 to 2020, initially involving prescription drugs before people switched to heroin.