Baron & Budd Finalizes $1.37 Billion Settlement With Kroger in Nationwide Opioid Lawsuit
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Baron & Budd has finalized a $1.37 billion settlement with Kroger to resolve allegations related to the opioid epidemic. The settlement will be distributed to various governmental and tribal entities.
November 07, 2024 | 7:00 pm
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NEGATIVE IMPACT
Kroger has agreed to a $1.37 billion settlement to resolve allegations of its role in the opioid epidemic. This settlement may impact Kroger's financials and public perception.
The $1.37 billion settlement is a significant financial outlay for Kroger, which could affect its short-term financial performance. Additionally, the settlement may influence public perception and investor sentiment negatively, as it relates to the opioid crisis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100