LAKE COUNTY, Calif. Lawsuits brought by thousands of state and local governments against the opioid industry could soon be settled, but Lake County officials dont yet know how the outcome will impact the effort to address the crisis at the local level. California Attorney General Rob Bonta on Wednesday announced the historic $26 billion settlement that officials said will help bring desperately needed relief to people in California and across the country who are struggling with opioid addiction. Nothing can undo the devastating loss of life caused by the opioid epidemic, or stop the grief it has caused for its victims and their families, but this proposed settlement represents one step in the process of healing our communities, said Attorney General Bonta. Along with our coalition partners, our office has worked to hold accountable bad actors who fueled this public health crisis including those who produced, distributed and marketed these dangerous drugs. The settlement includes Cardinal, McKesson and AmerisourceBergen the nations three major pharmaceutical distributors and Johnson & Johnson, a company that manufactured and marketed opioids.
Video source: YouTube, CNBC Television By Nate Raymond A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. The money is expected to be used on addiction treatment, family support, education and other social programs. "There''s not enough money in the world, frankly, to address the pain and suffering," said Connecticut Attorney General William Tong, but added that the money will "help where help is needed." The deal represents the second-largest cash settlement ever, trailing only the $246 billion tobacco agreement in 1998. Attorneys general from 15 states were involved in negotiating the deal, as were lead lawyers for local governments.
A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen 
A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest US drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson, Cardinal Health and AmerisourceBergen are expected to pay a combined $21 billion, while Johnson
(RTTNews) - A council of state attorneys general said on Wednesday that a landmark $26 billion settlement has been decided upon, thus settling claims that the three largest U.S. drug distributors, namely McKesson Corp. (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC) along with drug maker Johnson & Johnson (JNJ) were responsible for a
Minnesotas share of a settlement with a settlement with major opioid manufacturer Johnson & Johnson and the nations three major pharmaceutical distributors Cardinal, McKesson and AmerisourceBergen could reach $337 million. Minnesota was among the states agreeing to the $26 billion settlement. Minnesota Attorney General Keith Ellison said the agreement will bring much-needed relief 
Shares of Johnson & Johnson were up 0.3% in trading on Wednesday after a dozen or so state attorneys general announced an opioid settlement that requires J&J to pay $5 billion over nine years, including $3.7 billion in payments over the first three years. The company is also required to stop selling opioids for 10 years, and it cannot fund or provide grants to organizations that promote opioids or lobby on opioids during that time period. The agreement resolves around 4,000 opioid-related lawsuits in both federal and state courts. As part of the deal, which has been in the works for several years, AmerisourceBergen Corp. , Cardinal Health Inc. , and McKesson Corp. will pay $21 billion. J&J''s stock is up 7.4% so far this year, while the broader S&P 500 has gained 15.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH) and McKesson (NYSE: MCK) announced today that they have negotiated a comprehensive proposed settlement agreement which, if all conditions are satisfied, would result in the settlement of a substantial majority of opioid lawsuits filed by state and local governmental entities. While the companies strongly dispute the allegations made in
AmerisourceBergen (ABC) shares soared 3.5% in the last trading session to close at $116.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stocks 3.5% loss over the past four weeks. AmerisourceBergen saw a strong price increase following the New York Attorney  The post AmerisourceBergen (ABC) Soars 3.5%: Is Further Upside Left in the Stock? appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
NEW YORKThe three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys 
NEW YORK: The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys general prepare to announce as soon as this week a landmark $26 billion deal with the distributors and drugmaker Johnson & Johnson resolving cases nationwide. The deal with New York Attorney General Letitia James and the populous Long Island counties of Nassau and Suffolk came three weeks into the first jury trial accusing companies of profiting from a flood of addictive painkillers that devastated communities. While no amount of money will ever compensate for the millions of addictions, the hundreds of thousands of deaths, or the countless communities decimated by opioids, this money will be vital in preventing any future devastation, James said.
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The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson, Cardinal Health and AmerisourceBergen settled as state attorneys general prepare to announce
New York reached a $1.1 billion settlement on Tuesday with three of the country''s largest drug distributors for their alleged role in the opioid epidemic, New York Attorney General Letitia James said. The big picture: The settlement comes as the three companies McKesson, Cardinal Health, and Amerisource Bergen as well as Johnson & Johnson near a $26 billion deal with states and municipalities that would settle thousands of lawsuits related to the opioid crisis, the New York Times reports . Tuesday''s agreement in New York is the only deal that has been formally settled to so far, per the Times. New York last month reached a separate $230 million settlement with Johnson & Johnson over its role in the opioid crisis. Driving the news: According to Tuesday''s settlement, the three distributors will spread their payments out over the next 17 years. The companies will also participate in a tracking system that is designed to control the amount of opioids sold and shipped to pharmacies across the country.
The two health care leaders share a commitment to improving health outcomes through accreditation The two health care leaders share a commitment to improving health outcomes through accreditation
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