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U.S. opioid lawsuits on verge of settlements with 4 companies
FILE - This Aug. 29, 2018, file photo shows an arrangement of Oxycodone pills in New York. A $26 billion settlement between the three biggest U.S. drug distribution companies and drugmaker Johnson & Johnson and thousands of states and municipalities that sued over the toll of the opioid crisis is certainly significant, but it is far from tying a neat bow on the tangle of still unresolved lawsuits surrounding the epidemic. (AP Photo/Mark Lennihan, File)
The yearslong effort by state and local governments in the U.S. to force the pharmaceutical industry to help pay to fix a nationwide opioid addiction and overdose crisis took a major step forward Tuesday when lawyers for local governments announced they were on the verge of a $26 billion settlement with the nation s three biggest drug distribution companies and the drugmaker Johnson & Johnson.
Under the deal, Johnson & Johnson would not produce any opioids for at least a decade. And AmerisourceBergen, Cardinal Health and McKesson share prescribing information under a new system intended to stop the avalanches of pills that arrived in some regions about a decade ago.
National News
Opioid suits on verge of settlements with four companies
The years-long effort by state and local governments in the U.S. to force the pharmaceutical industry to help pay to fix a nationwide opioid addiction and overdose crisis took a major step forward Tuesday when lawyers for local governments announced they were on the verge of a $26 billion settlement with the nation s three biggest drug distribution companies and the drugmaker Johnson & Johnson.
by Associated Press
Jul. 20 2021 @ 5:54pm
Nassau County Executive Laura Curran, right, speaks at a news conference to discuss a settlement in an opioid trial, Tuesday, July 20, 2021, in Central Islip, N.Y. Suffolk County Executive Steve Bellone is behind her. New York State reached an agreement Tuesday with the distribution companies AmerisourceBergen, Cardinal Health and McKesson to settle an ongoing trial. That deal alone would generate more than $1 billion to abate the damage done by opioids there. The trial is expe
New York settles with distribution companies in opioid lawsuit
Settlement near in opioid lawsuits
Officials on Long Island said that the money from proposed settlements in lawsuits against drug companies can never replace the lives lost but can go toward treatment, recovery and prevention efforts.
Officials on Long Island said that the money from proposed settlements in lawsuits against drug companies in connection with the opioid crisis won t bring back loved ones but will do a lot of good. These dollars can never replace what has been lost here, Suffolk County Executive Steve Bellone said.
But the money can go towards treatment, recovery, and prevention efforts according to local officials who announced a $1.1 billion agreement with three major drug distributors on Tuesday.