First Federal Opioid Trial Averted With $260 Million Settlement - News Summed Up

First Federal Opioid Trial Averted With $260 Million Settlement


AFP/Getty Images(Updated: 8:55 a.m. EST, 10/21/2019)Topline: Two Ohio counties and four drug companies agreed to a $260 million settlement, averting the first federal opioid trial an hour before opening arguments were scheduled to begin Monday. The Washington Post reported that the counties will receive $235 million in cash from the four companies and $25 million in anti-addiction medication from Teva. The deal comes as talks for a $50 billion settlement collapsed over the weekend. The drug companies are still contending with over 2,400 claims from across the country, which they hope to end with a wide-ranging settlement. Cities began filing lawsuits against the drug companies in 2014.


Source: Forbes October 21, 2019 12:46 UTC



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