Maryland has reached settlements with Walgreens, Walmart and two opioid manufacturers that are expected to add $238 million to its efforts to fight the opioid crisis over the course of 15 years.
Tag: opioid crisis
Supreme Court Weighs Purdue Pharma’s $6 Billion Opioid Settlement
Supreme Court justices wrestled Monday with the uncomfortable bargain struck between most victims of the opioid crisis and the Sackler family, whose Purdue Pharma promoted the addictive painkiller OxyContin: providing timely compensation for survivors in exchange for granting the wealthy family immunity from future civil lawsuits.
Supreme Court to Decide on Legality of OxyContin Maker’s Settlement Plan with Victims of Opioid Crisis
n exchange for giving up ownership of drug manufacturer Purdue Pharma and for contributing up to $6 billion to fight the crisis, members of the wealthy Sackler family would be exempt from any civil lawsuits.
Court OKs Mallinckrodt Restructuring, $1 Billion Cut to Opioid Settlement
Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt.
Sackler Family Will Be Shielded from Lawsuits as Part of $6B OxyCotin Settlement
A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy owners of Purdue Pharma, the Sackler family, from future lawsuits.
Teva Will Pay New York $500M for Role in Opioid Crisis
Teva Pharmaceuticals will pay up to $523 million to New York to settle claims stemming from the company’s role in the opioid crisis.
Drugstore Chains Agree to Pay More than $10B to Settle Opioid Lawsuits
CVS and Walgreen have agreed to pay more than $10 billion in a landmark settlement to resolve opioid-crisis lawsuits.
Walmart, Walgreens, CVS to Pay $650.6M in U.S. Opioid Case
On Wednesday, a federal judge ordered Walmart, Walgreens, and CVS to pay $650.6 million to two Ohio counties affected by the US opioid crisis. According to plaintiffs’ lawyers at the Lanier Law Firm, the penalties will account for the companies’ “roles in failing to control the spread of deadly and addictive prescription opioids.” “The grant… Continue reading Walmart, Walgreens, CVS to Pay $650.6M in U.S. Opioid Case
Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal
A $6 billion deal is at stake as OxyContin maker Purdue Pharma LP and its wealthy owners clash with the U.S. Justice Department over the company’s opioid lawsuit settlement. The parties will argue in a New York courtroom on Friday over a plan to funnel billions of dollars to opioid crisis relief efforts while also… Continue reading Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal
Insurers Refuse to Pick Up Tab for Billions in Opioid Claims
A multibillion-dollar bill for the opioid epidemic in the United States is due, and insurers for some of the largest drug makers, distributors, and pharmacies are refusing to help pay for it. A January Delaware Supreme Court decision encouraged insurers eager to avoid massive policy claims from companies proposing to settle opioid liability lawsuits. In… Continue reading Insurers Refuse to Pick Up Tab for Billions in Opioid Claims