Current:Home > reviewsRekubit Exchange:Kroger to pay up to $1.4 billion to settle lawsuits over its role in opioid epidemic -MoneyStream
Rekubit Exchange:Kroger to pay up to $1.4 billion to settle lawsuits over its role in opioid epidemic
Surpassing View
Date:2025-04-10 01:53:55
Kroger said Friday that it will pay up to $1.4 billion over 11 years to settle most of the litigation against the grocery giant stemming from the opioid epidemic that has ravaged the U.S. for more than a decade.
Kroger,Rekubit Exchange one of the country's largest supermarket and drugstore chains, said the money will go to states and local governments, including $36 million to Native American tribes, to help fund treatment and other efforts to deal with the ongoing crisis. Another $177 million will go to cover attorney costs and related legal fees.
Kroger has stores in 35 states, and 33 would be eligible for money as part of the deal. The company previously announced settlements with New Mexico and West Virginia.
"This is an important milestone in the company's efforts to resolve the pending opioid litigation and support abatement efforts," Kroger said in a statement. "Kroger has long served as a leader in combating opioid abuse and remains committed to patient safety."
The company did not admit any wrongdoing or liability under the settlement.
Opioids kill an estimated 80,000 people a year in the U.S., with the latest wave of deaths tied to illicit synthetic drugs such as fentanyl rather than prescription painkillers.
Jayne Conroy, a lawyer for the governments suing the companies, told The Associated Press in an interview Friday that it is appropriate that major prescription drug providers help fund efforts to deal with the devastating impact of opioids.
"It really isn't a different problem," she said. "The problem is the massive amount of addiction. That addiction stems from the massive amount of prescription drugs."
Many of the nation's largest retailers have paid out billions of dollars to states and cities around the country to resolve lawsuits over their role in dispensing opioids, which experts say has claimed hundreds of thousands of lives in the U.S. and other countries around the world.
In May, for example, Walgreens agreed to pay San Francisco nearly $230 million to settle a case over the pharmacy chain's distribution of opioids.
Walmart this summer reached a $168 million deal with Texas prosecutors, who had accused the largest U.S. retailer of worsening the opioid crisis. That followed a $3.1 billion settlement Walmart struck in 2022, while pharmacy gains CVS and Walgreens last year agreed to pay more than $10 billion combined to resolve opioid-related suits.
Opioid litigation is continuing against other retailers, including supermarket chains Publix and Albertsons. Pharmacy benefit managers such as Express Scripts and OptumRx also face opioid claims from governments.
—The Associated Press contributed to this report.
- In:
- Opioid Epidemic
- Kroger
Alain Sherter covers business and economic affairs for CBSNews.com.
TwitterveryGood! (84)
Related
- Meta releases AI model to enhance Metaverse experience
- Biden administration to ban medical debt from Americans' credit scores
- It's a kayak with a grenade launcher. And it could be game-changer in Ukraine.
- Brittany Snow Shows Off Her Glow Up With New Hair Transformation
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Consumer group says Mastercard is selling cardholders' data without their knowledge
- Is your workplace toxic? 'We're a family here,' and other major red flags to watch for
- UAW's Fain announces expanded strike, targets 38 GM, Stellantis distribution plants
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Fall in Love With Amazon's Best Deals on the Top-Rated Flannels
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- GOP candidate challenging election loss in race to lead Texas’ most populous county drops lawsuit
- 'Potential' tropical storm off Atlantic Ocean could impact NFL Week 3 games
- NAACP signs agreement with FEMA to advance equity in disaster resilience
- What do we know about the mysterious drones reported flying over New Jersey?
- 10-year-old boy driving with 11-year-old sister pulled over 4 hours from Florida home
- What does Rupert Murdoch's exit mean for Fox News? Not much. Why poison will keep flowing
- New Mexico deputy sheriff kidnapped and sexually assaulted woman, feds say
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Fulton County district attorney’s office investigator accidentally shoots self in leg at courthouse
More than 35,000 register to vote after Taylor Swift's Instagram post: 'Raise your voices'
A fire at an Iranian defense ministry’s car battery factory has been extinguished, report says
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Ceasefire appears to avert war between Armenia and Azerbaijan, but what's the Nagorno-Karabakh dispute about?
What does 'irl' mean? Help distinguish reality from fiction with this text term.
Guinea’s leader defends coups in Africa and rebuffs the West, saying things must change