A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp,…
New York, Drug Distributors Reach $1.18 Billion Opioid Settlement as National Deal Looms
NEW YORK—The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the state’s attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys…
McKinsey Hit With Fresh Opioid Lawsuit as NYC Sues Over ‘Worst Man-Made Epidemic in History’
New York City and nearly two dozen New York counties have filed a lawsuit against McKinsey & Company, accusing the consulting firm of turbocharging the opioid epidemic by helping devise strategies to boost sales of the addictive painkillers. The lawsuit against McKinsey was filed in Suffolk County’s state Supreme Court on Tuesday, with the plaintiffs…
Law Firms Representing Purdue Pharma to Pay US $1 Million: Justice Department
WASHINGTON—Law firms representing opioid maker Purdue Pharma in the company’s bankruptcy will relinquish $1 million in a settlement with the U.S. Department of Justice’s trustee program, the department said in a statement on Thursday. The settlement must still be approved the Bankruptcy Court for the Southern District of New York, the department said. Purdue, maker…
Purdue Pharma Files $10 Billion Bankruptcy Plan to Resolve Opioid Lawsuits
Purdue Pharma filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to plaintiffs and require the company’s Sackler family owners to contribute nearly $4.3 billion to the settlement. The plan is intended to serve as Purdue’s roadmap out of…
Illicit Drugs Markets Hurt by Darknet Takedown: Report
The Australian National University (ANU) has found that police raids on the dark web marketplaces have dented the supply of opioids, like fentanyl being sold illegally online. The report (pdf), commissioned by the Australian Institute of Criminology’s (AIC) Serious and Organised Crime Research Laboratory, examined how law enforcement seizures and the subsequent black market closures…
Dark Web Drug Markets Dented by Police Raids: Report
The Australian National University (ANU) has found that police raids on the dark web marketplaces have dented the supply of opioids, like fentanyl being sold illegally online. The report (pdf), commissioned by the Australian Institute of Criminology’s (AIC) Serious and Organised Crime Research Laboratory, examined how law enforcement seizures and the subsequent black market closures…
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