US drug firms are on the verge of reaching a $26 billion settlement over their role in the opioid crisis that has led to 500,000 deaths in America
The three biggest US drug distribution companies and the drugmaker Johnson & Johnson are on the verge of a $26 billion settlement covering thousands of lawsuits over the toll of opioids across America.
An Associated Press analysis of federal distribution data found that enough prescription opioids were shipped in 2012 for every person in the US to have a 20-day supply. But Johnson and Johnson reiterated in a statement that it's prepared to contribute up to $5 billion to the national settlement. The distribution companies face thousands of similar legal claims from state and local governments across the country and have long been trying to settle them all.
Including the New York case, there are currently three trials across the US of government entities' claims that companies should be held liable for the opioid crisis.
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4 companies on verge of settling US opioid lawsuitsThe three biggest U.S. drug distribution companies and the drugmaker Johnson & Johnson are on the verge of a $26 billion settlement covering thousands of lawsuits over the toll of opioids across the U.S., two people with knowledge of the plans told The Associated Press.
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