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21 states rejected an $18 billion offer to settle opioid epidemic lawsuits, arguing it"s not enough

Justin Sullivan/Getty Images More than 20 states have rejected an offer from the pharmaceutical industry that would have paid some $18 billion over the course of 18 years to settle ongoing legislation drug companies' role in the opioi.....»»

Category: topSource: businessinsiderFeb 14th, 2020

States spurn drug industry"s opioid-settlement offer

An $18 billion settlement offer from three major drug wholesalers to resolve litigation over the opioid crisis has fallen apart, after more than 20 state attorneys general rejected it in a letter earlier this week......»»

Category: topSource: moneycentralFeb 14th, 2020

Drug firms offer to settle U.S. opioid suits with $50 billion package: sources

Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry fueled the U.S. opioid crisis, two sources familiar with the matter said on Wednesday......»»

Category: topSource: reutersOct 17th, 2019

Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say

OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic......»»

Category: topSource: reutersOct 4th, 2019

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday......»»

Category: topSource: reutersAug 27th, 2019

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday......»»

Category: topSource: reutersAug 27th, 2019

The Wall Street Journal: State attorneys general reject $18 billion settlement with opioid wholesalers

An $18 billion offer from three major drug wholesalers aimed at settling litigation over their alleged role in the opioid crisis fell through, after more than 20 state attorneys general rejected it in a letter to the companies’ law firms this week......»»

Category: topSource: marketwatchFeb 14th, 2020

Drug wholesaler stocks falls after WSJ report that states rejected opioid settlement offer

S.....»»

Category: topSource: marketwatchFeb 14th, 2020

Judge rejects U.S. move to disqualify states" lawyer in T-Mobile/Sprint lawsuit

A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's planned $26.5 billion takeover of Sprint Corp ......»»

Category: topSource: reutersNov 21st, 2019

OxyContin maker Purdue Pharma to pay states" lawyers, urged to help victims

OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis......»»

Category: topSource: reutersNov 19th, 2019

Opioid Crisis Has Cost US Economy $631 Billion

Over the past four years, the economic cost of the opioid epidemic has cost the United States some $631 billion. And with more deaths possible, the costs could soar......»»

Category: blogSource: 247wallstOct 17th, 2019

Opioid settlement talks broaden ahead of 1st federal trial

Efforts to settle thousands of lawsuits related to the nation's opioid epidemic intensified Wednesday ahe.....»»

Category: topSource: moneycentralOct 17th, 2019

Drug firms offer to settle U.S. opioid suits with $50 billion package - sources

Five dr.....»»

Category: topSource: reutersOct 16th, 2019

Opioid distributors soar after reportedly offering $18 billion to settle a swath of drug crisis lawsuits (MCK, ABC, CAH)

AP Opioid distributors AmerisourceBergen, Cardinal Health, and McKesson all soared in early Wed.....»»

Category: topSource: businessinsiderOct 16th, 2019

The Wall Street Journal: Major drug distributors in talks to settle opioid lawsuits for $18 billion

Three major drug distributors are in talks to pay $18 bill.....»»

Category: topSource: marketwatchOct 15th, 2019

Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires

Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of 900 billion won ($757.86 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea......»»

Category: topSource: reutersOct 11th, 2019

U.S. states fight back against Purdue"s bid to halt opioid lawsuits

U.S. state officials launched a legal counterattack on Friday against Purdue Pharma LP's attempt to shield itself and its controlling Sackler family from thousands of lawsuits claiming the OxyContin maker helped fuel the opioid epidemic......»»

Category: topSource: reutersOct 4th, 2019

Johnson & Johnson settles Ohio lawsuits to avoid federal trial

Johnson & Johnson said on Tuesday it will pay $20.4 million to settle claims by two Ohio counties, allowing the U.S. healthcare giant to avoid an upcoming federal trial seeking to hold the industry responsible for the nation's opioid epidemic......»»

Category: topSource: reutersOct 1st, 2019

J&J to pay $20.4 million to settle opioid lawsuits with two Ohio counties

Johnson & Johnson said on Tuesday it will pay $20.4 million to settle claims by two Ohio counties in a lawsuit that accused the drugmaker of contributing to an U.S. opioid addiction epidemic......»»

Category: topSource: reutersOct 1st, 2019

Factbox: The U.S. opioid epidemic in the courts

As opioid-related deaths have soared, thousands of lawsuits have been filed seeking damages from drugmakers and distributors. The following is a summary of where and how the opioid litigation is playing out across the United States:.....»»

Category: topSource: reutersSep 16th, 2019

Purdue Pharma in talks over multibillion-dollar deal to settle more than 2,000 opioid lawsuits

The Sackler family would lose control of the business and contribute at least $3 billion to the settlement, which could total as much as $12 billion, according to people familiar with the talks......»»

Category: topSource: washpostAug 28th, 2019