Business
Walmart settles for $50M over pharmacies filling invalid prescriptions: DOJ
LSEG head of consumer research Jharonne Martis discusses the mind of the consumer and the Walmart overreaction on ‘Making Money.’
Walmart has agreed to pay a $50 million settlement over allegations its pharmacies were illegally filling thousands of prescriptions for opioids and other controlled substances, according to the Department of Justice (DOJ) and Drug Enforcement Administration (DEA).
The government complaint, first filed at the end of President Donald Trump’s first term and amended during former President Joe Biden’s term, accused Walmart of violating the Controlled Substances Act.
“Today’s settlement proves this department is committed to putting Americans’ flourishing first,” Associate Attorney General Stanley Woodward said in a statement. “Congress enacted laws to promote responsibility and accountability for companies who dispense controlled substances to protect Americans.
“This department will never shy away from vigorously enforcing pharmacies’ obligations to comply with those protections, ensuring that potential profits never justify aiding our nation’s opioid epidemic.”
AS A US ATTORNEY, I SEE FENTANYL’S HORRIFYING TOLL UP CLOSE; CONGRESS MUST ACT NOW
Walmart has agreed to pay a $50 million settlement over allegations its pharmacies were illegally filling thousands of prescriptions for opioids and other controlled substances, according to th DOJ and DEA. (Bob Riha, Jr./Getty Images, File / Getty Images)
The complaint alleged that Walmart had been filling invalid prescriptions with the knowledge of pharmacists and its compliance team since June 2013.
Some Walmart pharmacists reported the alleged illegal activity to Walmart’s corporate compliance team, including through thousands of “refusal-to-fill” forms, the DOJ said.
“The compliance team, however, prioritized other goals over CSA compliance,” the DOJ said.
“As one director on the compliance team acknowledged in an email, rather than analyzing the refusal-to-fill reports, the compliance team viewed ‘[d]riving sales and patient awareness,’ as ‘a far better use of our Market Directors and Market manger’s time.’”
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Tablets of the opioid painkiller Oxycodone. (Eric Baradat/AFP via Getty Images, File / Getty Images)
Pharmacists also allegedly knowingly filled invalid prescriptions from “pill mill” prescribers or prescriptions that had red flags, such as dangerous opioid and nonopioid “cocktails,” repeated early fill requests of frequently abused drugs or high-dosages of opioids, according to the DOJ.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 103.09 | +0.46 | +0.45% |
As part of the settlement, the DOJ said Walmart had entered into an agreement to establish a hotline for employees and patients to report suspected illegal activity.
Some Walmart pharmacists reported the alleged illegal activity to the retail giant’s corporate compliance team. (iStock / iStock)
The company must also proactively monitor pharmacy dispensing patterns.
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Walmart did not immediately respond to FOX Business’ request for comment.
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Sheikh Tahnoon bin Zayed al Nahyan, an Abu Dhabi royal and U.A.E. national security adviser, along with co-investors, owns a 49% stake in the holding company created to house World Liberty Financial’s banking venture, according to people familiar with the matter. The firm recently received preliminary regulatory approval to launch a national trust bank to manage USD1, a stablecoin with $4 billion in market value.
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