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4 pharmaceutical companies accused in the opioid epidemic reach a $260 million settlement just before trial

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Hours before the first federal trial in the opioid epidemic was set to begin, four pharmaceutical companies reached a settlement totaling $260 million.

The four companies -- McKesson Corp., Cardinal Health Inc., AmerisourceBergen Corp. and Teva Pharmaceutical Industries Ltd. -- reached a settlement Monday morning with the two plaintiffs, Summit and Cuyahoga counties in Ohio. McKesson Corp., Cardinal Health Inc. and AmerisourceBergen Corp. will pay out a combined $215 million immediately, and Teva Pharmaceutical will pay $20 million, officials said at a press conference Monday.

Purdue Pharma faces 2,000 lawsuits and files for bankruptcy 00:50The defendants were supposed to appear in a Cleveland court Monday in the first federal multidistrict litigation trial involving the opioid epidemic. Thousands more plaintiffs' cases are awaiting trial.MDL is similar to class-action lawsuits in the sense that both consolidate plaintiffs' pretrial proceedings, for the sake of efficiency.

 

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Seríssimo

Pennies on the dollar

Sifill_LDF I sure wish they had the same “do good” attitude with African-Americans when the crack epidemic was in our areas, as they did with opioids problems in the white areas. 😡IJS

Sifill_LDF That’s nothing!

They should pay for every funeral too.

130 people die EVERY DAY from opioid overdose. The economic burden of prescription opioid misuse is $78.5 mill a YEAR. This $260 mill settlement is letting the pharmecutical companies who created it off easy.

Healthcare 'professionals' and the 'justice' system pushing unethical laws and regulations using fear mongering and scare tactics making people with chronic pain suffer are unethical scum that belong in prison.

is there a typo on the tweet? shouldn't it be 260 billions? those 4 pharmaceutical companies can find 260 millions on their couch.

Pocket change.

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Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trialFour large drug companies reached a last-minute $260 million legal settlement ov... Calculated financial risks Headline's should say, US's crooked dick 'justice' system rape's pharmaceutical companies and makes people with chronic pain suffer. They used fear mongering and scare tactics to create unethical laws in healthcare to disrupt the market and give control to unethical drug dealers. And their still making more money than the railroad. Guess what? Guess why? If you buy from the opioid company’s you might not get fentanyl and die.
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