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Nate Raymond
3 minute read
A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake
July 19 (Reuters) - U.S. state attorneys general and lawyers for local governments are expected this week to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, people familiar with the matter said.
Under the settlement proposal, distributors McKesson Corp (MCK.N), Cardinal Health Inc (CAH.N) and AmerisourceBergen Corp (ABC.N) are expected to pay a combined $21 billion, while Johnson & Johnson (JNJ.N) said it would pay $5 billion.
By Syndicated Content
By Nate Raymond
BOSTON (Reuters) – U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said.
Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion.
More than 40 states are expected to sign onto the settlement, the source said, while others could opt to move forward with their own cases. States will have 30 days to decide whether to join the global accord, the source said.
By Syndicated Content
By Nate Raymond
(Reuters) -U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said.
Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion.
More than 40 states are expected to sign onto the settlement, the source said, while others could opt to move forward with their own cases. States will have 30 days to decide whether to join the global accord, the source said.
U.S. states to unveil $26 billion opioid settlement with drug distributors, J&J - sources
By Nate Raymond
Reuters
(Reuters) -U.S. state attorneys general and lawyers for local governments are expected this week to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, people familiar with the matter said.
Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson said it would pay $5 billion.
More than 40 states are expected to support the settlement, the source said, while others could opt to move forward with their own cases.