opioid settlements News

CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources

CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar …

Vermont Creates Panel to Oversee Opioid Settlement Spending

Vermont Gov. Phil Scott has signed legislation into law that creates an advisory committee to make recommendations on how to spend the state’s share of settlement money with drug manufacturers and distribution companies over the toll of prescription opioids. The …

Several Indiana Cities Opting Back in to Opioid Settlement

Indianapolis and several other Indiana cities are joining an estimated $507 million statewide opioid settlement after previously opting out of the state’s lawsuits against opioid manufacturers and distributors. The state’s capital city, the suburbs of Noblesville and Fishers and other …

Ruling on Purdue Pharma Bankruptcy and Opioid Settlement Delayed Until Next Week

A U.S. judge said on Thursday he now anticipates a ruling on OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan on Wednesday of next week instead of this week because he needs more oral argument on certain issues. U.S. Bankruptcy …

Opioid and Asbestos Immunity Cases Could Tilt Bankruptcy Scales Away From Victims

The billionaire owners of OxyContin maker Purdue Pharma LP and lumber giant Georgia-Pacific are in high-stakes legal battles to shed billions of dollars of liabilities in bankruptcy — the first over their company’s alleged role in America’s opioid crisis and …

What Drug Companies Have Paid to Settle Claims Over U.S. Opioid Crisis

State attorneys general on Wednesday unveiled a $26 billion settlement with the three largest U.S. drug distributors and Johnson & Johnson to resolve thousands of lawsuits by states and local governments over the companies’ role in the country’s opioid painkiller …

States’ Next Targets for Opioid Settlements Include Pharmacies and Drugmakers

With a $26 billion nationwide settlement in sight over claims that the three largest U.S. drug distributors and Johnson & Johnson helped fuel a nationwide opioid epidemic, state and local governments will soon turn their attention to pharmacies and a …

Purdue Pharma to Plead Guilty Over Opioid Practices; Critics Balk at Terms

Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short of criminally charging …

States Oppose U.S. Settlement with Purdue Over OxyContin

A group of 25 state attorneys general oppose a settlement of U.S. opioid probes being negotiated with Purdue Pharma LP and members of the wealthy Sackler family who own it, arguing the deal would improperly entangle state and local officials …

States Seek $26.4 Billion From Drug Firms in Opioid Litigation – WSJ

U.S. states are seeking a combined $26.4 billion from three major drug distributors and Johnson & Johnson to settle opioid litigation against the companies, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. About a dozen …