opioid crisis News

Opioid Judge Calls Proposed Settlement Group a ‘Novel Approach’

A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. …

Billions at Stake in Opioid Suits, But It’s No Tobacco Windfall

An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers to go to trial, could serve as a key benchmark for governments hoping to recoup costs associated with the public …

Lawyers Pitch Plan to Include Entire U.S. in Opioid Settlement Talks

Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community nationally to participate in negotiating billions of dollars in settlements. The proposal …

Okla. AG Says Greed Drove Johnson & Johnson to Risk Lives

Johnson & Johnson’s greed for more sales of its addictive opioid painkillers helped create a deadly epidemic in Oklahoma that claimed thousands of lives, and the company should pay billions of dollars as compensation, the state’s top law-enforcement officer told …

Drug Makers’ Opioid Liability Tied to Untested Legal Theory

Determining who foots the bill for America’s growing opioid epidemic may depend on how well the state of Oklahoma deploys a high-risk legal strategy next week against Johnson & Johnson and Teva Pharmaceutical Industries Ltd. At least 42 states and …

Sources Say JPMorgan Cuts Ties with OxyContin Maker Purdue Pharma

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter …

Purdue Is Sued by Five More States Over OxyContin Marketing

Purdue Pharma LP and its billionaire owners are being sued by five more states alleging the company’s aggressive marketing of the OxyContin painkiller triggered a vast addiction epidemic that has claimed hundreds of thousands of lives in the U.S. The …

Following Opioid Suits, Family Behind Deadly OxyContin Squabbles

NEW YORK (Reuters) – A united front among members of the billionaire Sackler family behind painkiller OxyContin is showing signs of strain from litigation over who bears responsibility for the deadly U.S. opioid epidemic. At least twice in recent months, …

Purdue’s Sackler Allegedly Called Opioid Addicts ‘Victimizers’

Purdue Pharma LP’s former chief executive officer appeared to blame victims of opioid abuse for their suffering in a 2001 email to an acquaintance, a court filing shows. “Abusers aren’t victims; they are the victimizers,” Richard Sackler said in the …

McKesson to Pay $37 Million to Resolve West Virginia Opioid Lawsuit

Drug distributor McKesson Corp has agreed to pay $37 million to resolve a lawsuit by the state of West Virginia seeking to hold it responsible for contributing to the opioid epidemic, the state’s attorney general said on Thursday. The settlement …