Consulting firm McKinsey & Co has agreed to pay $230 million in its latest settlement to resolve lawsuits alleging it fueled a US opioid epidemic through its role advising drug manufacturers, according to court documents filed Tuesday.
Tag: opioid settlement
After $1.7B Opioid Settlement, Mallinckrodt Readies 2nd Bankruptcy Bid
After floating the idea earlier this month, Mallinckrodt has formally declared its intention to kick off another round of bankruptcy proceedings in the coming days.
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
J&J, Distributors Finalize $26B Landmark Opioid Settlement
Johnson & Johnson and three major distributors reached nationwide settlements over their roles in the opioid addiction crisis on Friday, clearing the way for $26 billion to flow to nearly every state and local government in the United States. Taken as a whole, the settlements are the largest to date among the numerous opioid-related cases… Continue reading J&J, Distributors Finalize $26B Landmark Opioid Settlement
States Announce $26 Billion Settlement to Resolve Opioid Lawsuits
States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to address an epidemic in painkiller addiction that hasn’t abated. The nation’s three largest drug distributors— McKesson Corp., AmerisourceBergen Corp., and Cardinal Health Inc. —and… Continue reading States Announce $26 Billion Settlement to Resolve Opioid Lawsuits
Opioid Settlement of $26 Billion Between Drug Companies, States Expected This Week
Thousands of opioid-crisis lawsuits filed against major drugmakers and distributors are nearing a conclusion, with the outlines of a $26 billion deal between states and four companies expected to be announced this week and a $1 billion settlement to resolve some of New York’s claims likely on Tuesday, people familiar with the matter said. Drug… Continue reading Opioid Settlement of $26 Billion Between Drug Companies, States Expected This Week