Kroger Opioid Settlement Could Begin Paying Out This Year
<p>The retail company Kroger Inc. has created a settlement agreement worth over $1 billion to resolve claims that its grocery stores improperly distributed opioids and exacerbated the opioid crisis. According to Kroger’s statement, the settlement would pay out to “states, subdivisions, and the Native American tribes” in order to settle opioid-related claims without admitting improper conduct on their part.</p>
<p>The potential Kroger settlement has two components: monetary and non-monetary conditions. According to the release, the non-monetary terms and conditions are still being negotiated but Kroger does have a finalized monetary settlement agreement. According to its statement, Kroger is offering states and municipalities $1.2 billion and offering Native American tribes $36 million to fund opioid abatement programs. These monetary payments will be spread out into equal installments over the course of 11 years and will accompany $177 million in attorneys’ fees and cost payments that will be paid out over six years.</p>
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