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SUPPLEMENTAL INFORMATION:
+Added: The Company is involved in a number of legal proceedings and certain regulatory matters, including responding to subpoenas and requests for information in connection with government investigations.
We discuss certain legal proceedings in Part I of this Quarterly Report on Form 10-Q under the caption "Item 1.
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The MDL is pending in the U.S.
−Removed: District Court for the Northern District of Ohio and includes over 2,000 cases as of May 18, 2023.
+Added: District Court for the Northern District of Ohio and includes over 2,000 cases as of August 18, 2023.
The liability phase of a single, two-county trial in one of the MDL cases against a number of parties, including the Company, regarding opioid dispensing claims resulted in a jury verdict on November 23, 2021, finding in favor of the plaintiffs as to the liability of all defendants, including the Company.
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The monetary aspect of the judgment is stayed pending appeal, and the injunctive portion of the judgment went into effect on February 20, 2023.
−Removed: The MDL has designated five additional single-county cases as bellwethers to proceed through discovery.
−Removed: In addition, there are approximately 300 other cases pending in state and federal courts throughout the country as of May 18, 2023, as well as other cases in Canada against Wal-Mart Canada Corp.
+Added: The MDL designated five additional single-county cases as bellwethers to proceed through discovery, though those bellwether plaintiffs have elected to participate in the Settlement Framework.
+Added: The MDL may designate additional bellwethers of cases brought by healthcare providers and third-party payers.
+Added: In addition, there are approximately 140 other cases pending in state and federal courts throughout the country as of August 18, 2023, as well as other cases in Canada against Wal-Mart Canada Corp.
and certain other subsidiaries of the Company.
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territories, that are intended to resolve substantially all opioids-related lawsuits brought by state and local governments against the Company.
−Removed: The settlement will take effect if a sufficient number of political subdivisions also join.
−Removed: As described in more detail in Note 6 to the Condensed Consolidated Financial Statements, the Settlement Framework will not become effective unless and until a settlement administrator determines whether a sufficient number of political subdivisions have agreed to participate in the Settlement Framework.
+Added: As described in more detail in Note 6 to the Condensed Consolidated Financial Statements, the Settlement Framework will become effective on September 6, 2023.
DOJ Opioid Civil Litigation:
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The Board has authorized the SLC to retain independent legal counsel and such other advisors as the SLC deems appropriate in carrying out its duties.
+Added: The derivative matter pending in the Delaware Court of Chancery is stayed until the SLC completes its investigation.
The securities class actions, alleging violations of Sections 10(b) and 20(a) of the Exchange Act regarding the Company's disclosures with respect to opioids, purport to be filed on behalf of a class of investors who acquired Walmart stock from March 30, 2016 through December 22, 2020.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.