McKesson Corp. News

McKinsey to Pay $573 Million to Settle Claims Over Opioid Crisis Role — Source

Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a …

Cardinal Health, Amerisource See $13 Billion Opioid Deal

Cardinal Health Inc. and AmerisourceBergen Corp. have each reserved about $6.6 billion to settle claims that drug distributors fueled the U.S. opioid epidemic by flooding communities with the highly addictive painkillers, according to regulatory filings. The combined $13.2 billion set …

J&J to Contribute Up to $5 Billion to Potential U.S. Opioid Settlement

Johnson & Johnson on Tuesday said it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing the total amount it would pay to $5 billion. …

U.S. Appeals Court Rejects Novel Opioid Settlement Framework

A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid crisis that would bring every community nationally into their settlement talks. The 6th …

Opioid Companies Say Lawyers’ Fee Demand Threatens Settlement Talks

Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be “severely” jeopardized if plaintiffs’ lawyers are allowed to assess a fee payment worth billions of …

U.S. Prosecutors Open Criminal Probe of Opioid Makers, Distributors

Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare crisis, according to regulatory filings. Five companies have received subpoenas from the U.S. Attorney’s office …

$50 Billion Opioid Settlement Bid Sparks States-Cities Fight

About $50 billion in settlement offers by drugmakers and distributors have sparked a fight between state attorneys general and thousands of local governments over how much the pharmaceutical industry should pay for its role in creating the U.S. opioid epidemic. …

J&J Makes $4 Billion Opioid Offer as Distributors Seek Deal

Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger deal involving drugmakers and distributors that could top $20 billion. J&J’s …

Opioid Fines Could Reach $150 Billion in Worst-Case Scenario

Monday’s $572 million judgment against Johnson & Johnson may mean one analyst’s “bear case scenario” of $150 billion in opioid damages just got one step closer. Patrick Trucchio, a Berenberg analyst, on Tuesday renewed his April projection for U.S. liabilities …

Opioid Distributors Propose $10 Billion to End State Claims

McKesson Corp., Cardinal Health Inc. and AmerisourceBergen Corp. have proposed paying $10 billion to settle claims they helped to fuel the U.S. opioid epidemic — the first sign of progress in resolving state lawsuits against the drug distributors, according to …