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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2022-11-15T18:29:00
Walmart on Tuesday announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
The settlement framework, subject to the review and approval of involved states, would address years of litigation for the retail giant at the state, local, and tribal level regarding the actions of its pharmacists and their contributions to the opioid epidemic. Walmart continues to deny all related allegations but said it believes the settlement is “in the best interest of all parties and will provide significant aid to communities across the country in the fight against the opioid crisis.”
“Walmart strongly disputes the allegations in these matters, and this settlement framework does not include any admission of liability,” the company said in a news release. “Walmart will continue to vigorously defend the company against any lawsuit not resolved through this settlement framework.”
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2024-07-11T14:40:00Z By Adrianne Appel
Rite Aid agreed to pay $7.5 million and allow the Department of Justice to access nearly $402 million from the company’s forthcoming bankruptcy case to settle allegations it helped fuel the nation’s opioid epidemic.
2023-03-30T21:29:00Z By Adrianne Appel
The former chief compliance officer of Rochester Drug Co-operative received no jail time after pleading guilty to aiding widescale opioid distribution and testifying against his former chief executive officer.
2023-03-14T20:53:00Z By Adrianne Appel
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
2024-11-26T19:59:00Z By Jeff Dale
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
2024-11-26T17:29:00Z By Aaron Nicodemus
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
2024-11-26T14:53:00Z By Aaron Nicodemus
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
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