BENTONVILLE, Ark. — Walmart Inc. won an early legal victory last month in its fight with insurance carriers that refused to cover Walmart’s legal costs and billions of dollars in settlements the retailer made in lawsuits over its sales of opioid drugs.
Benton County Circuit Court Judge John R. Scott ruled on Dec. 29 that American International Group Inc. entities have a duty to defend the Bentonville retailing giant against suits brought by governments over the opioid crisis. The AIG entities that insured Walmart are American Home Assurance Co. and National Union Fire Insurance Co. of Pittsburgh, Pa.
Walmart has sued the insurers to recover the money it paid for attorneys and other defense costs in the lawsuits. It also is seeking coverage for the billions in settlements it paid.
To read more about the lawsuit, our content partner Arkansas Business has the full story here.
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