Articles by Nate Raymond

Drug Distributors Signal $26B Opioid Settlement with States to Proceed

Three large U.S. drug distributors and drugmaker Johnson & Johnson will proceed with a proposed $26 billion settlement resolving claims that they fueled the opioid epidemic after “enough” states joined in, the companies said on Saturday. The companies had until …

Platforms’ Gig Worker Measure Moves Step Closer to Ballot in Massachusetts

Massachusetts’ attorney general on Wednesday gave backers of a proposed ballot measure, which would define drivers for app-based companies like Uber Technologies Inc. and Lyft Inc. as independent contractors rather than employees, the green light to collect the signatures needed …

At Deadline, 6 States Had Not Joined $26B Opioid Settlements with Distributors, J&J

At least six U.S. states, including Georgia, have decided they will not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson & Johnson, which have been accused of fueling the nation’s opioid epidemic, according …

States Weighing $26 Billion Opioid Settlement Face Saturday Deadline

U.S. states are racing to meet a deadline to commit to a $26 billion opioid settlement with three drug distributors and the drugmaker Johnson & Johnson, as some grapple with local resistance and concerns the amount isn’t big enough to …

States, Municipalities Have 30 Days to Weigh $26B Opioid Deal with Major Drug Firms

A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement …

States Expected to Announce Opioid Deal With Drug Distributors, J&J: Reuters

U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, …

VW to Appeal Court Ruling That Clean Air Act Doesn’t Bar State Suit Over Emissions

Ohio’s Supreme Court on Tuesday cleared the way for the state’s attorney general to move forward with a lawsuit against Volkswagen AG over its “Dieselgate” scandal and manipulation of emissions-control systems. The court ruled 6-1 that the federal Clean Air …

Robinhood Cannot Block Massachusetts Securities Regulators’ Case, Judge Rules

A Massachusetts judge on Thursday rejected Robinhood’s bid to block state regulators from moving forward with their enforcement action alleging that the online brokerage encourages inexperienced investors to place risky trades without limits. Suffolk County Superior Court Judge Kenneth Salinger …

Pandemic-Delayed Trials Over Drugmakers’ Marketing of Opioids to Begin

Four drugmakers, including Johnson & Johnson and Teva Pharmaceutical Industries Ltd., will go to trial on Monday over claims they helped fuel an opioid crisis that has resulted in nearly 500,000 overdose deaths in the United States. The trial is …

Massachusetts Regulators Seek to Revoke Robinhood’s License; Brokerage Sues

Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule underlying the case. Massachusetts Secretary of …