Walmart Defeats Investors’ Suit Over Government Opioid Probes

Walmart Inc. investors failed to show the retailer submitted misleading filings when it was under investigation for improper opioid dispensing practices, a federal court ruled, tossing their securities fraud complaint.

Chief Judge Colm F. Connolly of the US District Court for the District of Delaware dismissed the proposed class action over Walmart’s role in the opioid crisis on Monday. Although Walmart said in Securities and Exchange Commission forms that it had had disclosed all situations “where a liability is reasonably possible and may be material,” that phrase doesn’t encompass the allegedly undisclosed US criminal and civil investigations it faced and ...