Walmart settles opioid derivative suits for $123M insurance payment, governance reforms

Walmart Inc.

Settlement resolves derivative actions alleging breach of fiduciary duty over opioid oversight.
Insurance carriers to pay Walmart $123M, less court-awarded attorneys' fees and expenses.
Walmart to maintain specified corporate governance practices for at least five years.
No admission of liability; defendants expressly deny wrongdoing.
Court approval required; settlement hearing set for December 20, 2024.

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