financetom
Business
financetom
/
Business
/
Update: Kroger Reaches $110 Million Settlement With Kentucky to Resolve Opioid Claims
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Kroger Reaches $110 Million Settlement With Kentucky to Resolve Opioid Claims
Jan 9, 2025 12:34 PM

03:06 PM EST, 01/09/2025 (MT Newswires) -- (Updates with statement from Kroger ( KR ) in the fourth and fifth paragraphs.)

Kroger ( KR ) has agreed to pay nearly $110 million to the state of Kentucky to settle claims it played a role in the deadly opioid epidemic, according to a copy of the settlement seen by MT Newswires Thursday.

Under the settlement agreement, the company will pay $43.4 million to the state plus $66.6 million, the amount that Kentucky would have received had it participated in the supermarket chain's broader deal with multiple states last year.

Kroger ( KR ) announced a $1.4 billion settlement last year to resolve similar claims by multiple states, counties, and Native American tribes.

A Kroger ( KR ) spokesperson told MT Newswires the company was pleased to have reached a settlement but denied claims that it did not have internal training or guardrails around filling prescriptions for opioids.

"The company has long provided associates throughout the pharmacy with robust training, as well as tools to assist pharmacists in their professional judgment, including, being the first major retail pharmacy to integrate state prescription drug monitoring directly into our pharmacy system," the spokesperson told MT Newswires in an email.

Price: 58.90, Change: -0.24, Percent Change: -0.41

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canadian Utilities Increases Q1 Dividend
Canadian Utilities Increases Q1 Dividend
Jan 10, 2025
07:07 AM EST, 01/10/2025 (MT Newswires) -- Canadian Utilities ( CDUTF ) , a global energy infrastructure company, overnight Thursday declared a first quarter dividend of $0.46 per Class A non-voting and Class B common share, a 1% increase over the $0.45 paid in each of the four previous quarters. The dividend is payable on March 1 to shareholders of...
ChipMOS Reports Q4 Revenue Decline
ChipMOS Reports Q4 Revenue Decline
Jan 10, 2025
07:08 AM EST, 01/10/2025 (MT Newswires) -- ChipMOS Technologies ( IMOS ) reported Friday Q4 revenue of 5.40 billion new Taiwan dollars ($164.7 million), down from NT$5.73 billion a year earlier. Four analysts surveyed by FactSet expected NT$6.02 billion. December revenue was NT$1.78 billion, down from NT$1.83 billion in November. The company said it expects revenue growth for the full-year...
ATCO Increases Q1 Dividend
ATCO Increases Q1 Dividend
Jan 10, 2025
07:09 AM EST, 01/10/2025 (MT Newswires) -- ATCO (ACO-X.TO and ACO-Y.TO) overnight Thursday declared a first quarter dividend of $0.50 per Class I non-voting and Class II voting share, compared with $0.49 paid in each of the four previous quarters. The dividend is payable March 31 to shareholders of record on Feb. 27. The shares closed down $0.11 to $47.11...
Canada's Housing Investors Still
Canada's Housing Investors Still "Shy", Says BMO
Jan 10, 2025
07:07 AM EST, 01/10/2025 (MT Newswires) -- Friday's Focus feature will give a 2025 Canadian housing market outlook, said Bank of Montreal (BMO). While the bank expects sales and prices to forge higher, it isn't predicting an exuberant rebound as in past cycles. One reason is that valuations, while improved, still aren't overly compelling, stated BMO. Using a Toronto investment...
Copyright 2023-2026 - www.financetom.com All Rights Reserved