Walmart Offers $3.1 Billion To Settle Opioid Lawsuits

Walmart's offer would have to be approved by 43 U.S. states by Dec. 15, and local governments could sign on by March 31, 2023.

Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths.

Related StoryCVS, Walgreens Announce $10B Opioid Settlement

The retail giant's announcement follows similar proposals on Nov. 2 from the two largest U.S. pharmacy chains, CVS Health and Walgreen Co., which each said they would pay about $5 billion.