Federal opioid trial halted as 2 Ohio counties settle with drug companies

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4 drugs companies accused of fueling the opioid crisis have reached a last-minute tentative settlement Monday morning aimed at avoiding what would have been the first federal opioid trial, AP reports.

Last week, the companies were in talks for a, and earlier talks in August floated a possible $10 billion deal. A proposed $18 billion over 18 years deal was rejected last week and is now dead, Paul Hanly, a lawyer speaking for the thousands of cities and counties involved told NBC News. When lawyers for the plaintiffs ran the numbers on that proposed settlement, Hanly said cities felt like they wouldn't be getting enough.

The counties will receive $215 million in cash from the big three distributors, and Teva will provide $20 million in cash, Budish said, adding the counties will be figuring out how to use the money in the coming months.

 

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Lots’o 💰money! History proves all government agencies mismanage funds...🤔....

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