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Walmart Reaches $123M Settlement Over Opioid Oversight

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An update from Walmart ( (WMT) ) is now available.

Walmart Inc. announced a settlement agreement to resolve shareholder derivative actions relating to allegations that certain directors and officers failed to oversee the company’s opioid distribution. If approved by the Delaware Court, the settlement will include a $123 million payment from insurance carriers and the adoption of corporate governance practices for five years. This move aims to address investor concerns without admitting liability, offering a resolution to ongoing legal disputes.

See more insights into WMT stock on TipRanks’ Stock Analysis page.

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