Walmart May Be on the Hook for Billions in Opioid Damages
Walmart (NYSE: WMT) received a potentially major piece of bad news on Monday when Delaware Chancery Judge Travis Laster ruled the retailer must produce files relating to two major opioid lawsuits.
"I don't think you can say with a straight face there isn't any evidence of wrongdoing," Laster said during a video hearing, according to Bloomberg.
The lawsuits, Norfolk County Retirement System v. Walmart Inc. and Police and Fire Retirement System of Detroit v. Walmart Inc., were filed in June by two pension funds that own Walmart stock. The suits allege Walmart broke the law for years by selling large amounts of highly addictive opioid painkillers to doctors and others operating "pill mills."
Source Fool.com
