Public authorities might win $100 billion in settlements from drugmakers and distributers for their role in the U.S. opioid epidemic. State and local governments can’t afford to waste a new windfall, writes rob_cyran.
A judge in Oklahoma ruled on Aug. 26 that Johnson & Johnson was liable for its part in fueling America’s opioid epidemic, and ordered the company to pay $572 million. The drugmaker said it would appeal the decision.
In March, Purdue Pharma and members of the Sackler family reached a $270 million settlement to resolve a suit brought by the state of Oklahoma. In May, Teva Pharmaceutical Industries agreed to pay $85 million in the same state. There are about 2,500 opioid lawsuits nationally, of which about 2,000 cases, mainly brought by local governments, have been consolidated before a federal judge in Ohio. The first federal trial, involving two Ohio counties, begins in October.
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