opioid epidemic News

Consulting Firm Mckinsey Agrees to $78M Settlement with Insurers over Opioids

Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds that its work with drug companies helped fuel an opioid addiction crisis. The agreement was revealed late Friday in documents …

Supreme Court Wrestles with OxyContin Maker’s Bankruptcy Deal, with Billions of Dollars at Stake

WASHINGTON (AP) — The Supreme Court on Monday wrestled with a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. The justices …

Judge Trims US Lawsuit Accusing Cencora of Fueling Opioid Epidemic

A federal judge on Monday pared back a U.S. government lawsuit accusing drug distributor Cencora, formerly called AmerisourceBergen, of fueling the nation’s deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders of prescription painkillers. U.S. District …

Rite Aid Files for Bankruptcy Amid Rising Debt, Opioid Litigation

Debt-laden Rite Aid filed for bankruptcy protection on Sunday and said it would close underperforming stores, as the drugstore chain comes under pressure from lawsuits alleging that it helped fuel the U.S. opioid crisis. The filing will allow it to …

Nevada Secures $285M Opioid Settlement with Walgreens

LAS VEGAS (AP) — The state of Nevada has reached a $285 million settlement with Walgreens regarding the pharmacy chain`s role in the opioid epidemic, the state`s top lawyer announced Wednesday. The last in a series of multiyear settlements with …

Ruling Clears Way for Purdue Pharma to Settle Opioid Claims, Protect Sacklers

A federal court ruling cleared the way Tuesday for OxyContin maker Purdue Pharma’s settlement of thousands of legal claims over the toll of opioids. Under the plan approved by the 2nd U.S. Circuit Court of Appeals in New York, members …

Duane Morris: 2022 Was a Banner Year for Class Action Settlements

Drugmakers and distributors that settled misconduct allegations related to the national opioid epidemic led to a banner year for class-action plaintiffs in 2022, with 15 settlement agreements that totaled $1 billion or more, according to a report by the Duane …

Walmart Offers to Pay $3.1 billion to Settle Opioid Lawsuits

Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with …

Teva to Pay $523M to New York as it Looks to Move past Opioid Lawsuits

JERUSALEM –– Teva Pharmaceutical Industries Ltd. will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an …

CVS, Walmart, Walgreens Agree to Pay $13.8B to Settle U.S. Opioid Claims

CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. have agreed to pay about $13.8 billion to resolve thousands of U.S. state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers. CVS said Wednesday it …