Attorney General Peterson announces $26 billion settlement in opioid scandal
by: George Lauby - Jul. 22, 2021
State News
Major pharmaceutical distributors have been hammered with an historic $26 billion multi-state settlement over potentially illegal opioid distribution practices, Nebraska Attorney General Doug Peterson announced Wednesday.
Nebraska’s share of the settlement will be around $100 million over the next 18 years, A.G spokeswoman Suzanne Gage said Thursday.
The money will help bring desperately needed relief to people across the country who are struggling with opioid addiction, Peterson said in the announcement. The settlement was with the three major U.S. distributors Cardinal, McKesson, and Amerisource/Bergen – as well as Johnson & Johnson, which manufactured opioids as well as marketed them.
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AG Yost inks a $26B deal with major drug companies that fueled opioid epidemic
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Knoxville News Sentinel
Tennessee will reap an estimated $600 million to fight its deadly opioid addiction epidemic as part of deal announced Wednesday between drug makers and distributors and states.
Tennessee Attorney General Herbert Slatery and a half-dozen of his fellow attorneys general said they reached a historic settlement in what has been a years-long battle to hold opioid makers, distributors and dispensers financially responsible for a crisis they intentionally fueled.
The $26 billion deal with three drug distributors AmerisourceBergen, Cardinal Health and McKesson and drug maker Johnson & Johnson is the second largest product safety settlement in U.S. history, according to the attorneys general. Cigarette makers settled similar litigation years ago for $206 billion.
Historic settlement to aid in fighting opioid addiction © Provided by WMC Action News 5 Memphis Historic settlement to aid in fighting opioid addiction
MEMPHIS, Tenn. (WMC) - A group of state attorneys general announced a landmark $26 billion deal with drug companies accused of fueling the nation’s deadly opioid epidemic.
Tennessee’s Attorney General calls this “the most complicated civil case in American history.” Those in the trenches helping fight drug addiction call the agreement a game changer.
“It’s a lot of money and it is a good thing,” said Brian Sullivan with Prevention Alliance of Tennessee.
Sullivan knows the statistics all too well. The Centers for Disease Control and Prevention (CDC) says 2,170 Tennesseans died of drug overdoses in 2019. The state experienced a huge spike in 2020, recording 3,128 fatal overdoses.