addiction
Washington (AFP) - The US Supreme Court threw Purdue Pharma's $6 billion opioids settlement into question Thursday, accepting a challenge to the deal's immunizing the Sackler family, which controlled the drugmaker, from future litigation. The court agreed to hear the Justice Department's challenge, which argued that the Sacklers, who earned tens of billions of dollars flooding the country with highly addictive opioids, could not legally gain sweeping protection in the settlement. The high court set a December 2023 date for hearing the case, meaning a much longer wait for states and communities...
AFP
Washington (AFP) - Israeli generic drug maker Teva has reached an agreement in principle to pay $4.25 billion over 13 years to settle a series of court cases over its role in the US opioid epidemic. If the deal is finalized, Teva would become the latest major company to reach a settlement over the crisis which caused hundreds of thousands of deaths and ravaged communities across the country. Teva reached the potential agreement on the terms of a "nationwide opioids settlement" with a working group of state attorneys general and lawyers for Native American tribes and other plaintiffs, the compa...
AFP
New York (AFP) - The Sackler family will pay up to $6 billion to address damage linked to the US opioid crisis under an amended Purdue Pharma bankruptcy plan following an agreement with holdout states, according to a court filing Thursday. The deal raises the amount that the Sacklers, who own Purdue, must pay, but grants family members immunity from future claims in civil court. A US bankruptcy judge still must approve the amended version after a US district judge in December struck down the first bankruptcy plan. The prior agreement had won backing from 40 US states, but was rejected by nine ...
AFP
New York (AFP) - The Sackler family will pay up to $6 billion to address damages linked to the US opioid crisis under an amended Purdue Pharma bankruptcy plan following an agreement with holdout states, according to a court filing Thursday. The deal raises the amount that the Sacklers, who own Purdue, must pay, but grants family members immunity from future claims in civil court. A US bankruptcy judge still must approve the amended version after a US district judge in December struck down the first bankruptcy plan. The prior agreement had won backing from 40 US states, but was rejected by nine...
AFP
New York (AFP) - The US opioid crisis has claimed more than 500,000 lives in the last 20 years. It has also spawned one of the most complex legal campaigns in the country's history. On Friday, Johnson & Johnson and three large pharmaceutical distributors said they had garnered enough support from plaintiffs to finalize settlements worth nearly $25 billion. But numerous other cases are still pending. James Williams, counsel for the county of Santa Clara in California, first filed a lawsuit in 2014 to take drugmakers to task for "aggressively pushing the use of opioids in ways that were promoti...
AFP
New York (AFP) - Johnson & Johnson and three large drug distributors said Friday that opioid settlements worth nearly $25 billion had garnered enough support from opposing litigants to be finalized in court. The three distributors, McKessen, AmerisourceBergen and Cardinal Health, each "independently determined" that enough states and litigating political subdivisions had signed on to advance the agreement to pay out $19.5 billion over 18 years to thousands of plaintiffs, according to a joint press release from the companies. The statement noted that "the companies continue to strongly dispute ...
AFP
New York (AFP) - A group of pharmaceutical companies and distributors agreed to pay $590 million to settle lawsuits connected to opioid addiction among Native American tribe members, according to a US court filing released Tuesday. The agreement is the latest amid a deluge of litigation spawned by the US opioid crisis, which has claimed more than 500,000 lives over the last 20 years and ensnared some of the largest firms in the world of American medicine. Pharmaceutical companies McKesson, AmerisourceBergen and Cardinal Health had already struck a separate deal with the Cherokee tribe last Se...
AFP
New York (AFP) - A group of pharmaceutical companies and distributors agreed to pay $590 million to settle lawsuits connected to opioid addiction among US Native American tribes, according to a US court filing Tuesday. The companies include Johnson & Johnson and McKesson, according to a filing by the plaintiff's committee in US District Court in Ohio. The settlement is separate from a prior agreement that resulted in $75 million in payments to the Cherokee Nation from three of the companies. The agreement is the latest in the wake of the US opioid crisis, which has claimed more than 500,000 ...
AFP
New York (AFP) - An Ohio jury decided Tuesday that pharmacies owned by Walmart, Walgreens and CVS bear responsibility for the opioid crisis in two counties in the US state. The three companies acted illegally in filling significant opioid prescriptions in Lake and Trumbell counties, creating an "oversupply" of the drugs and a "public nuisance," a jury in a federal court in Cleveland found. The case marks the first instance in which distributors of the addictive painkillers -- rather than manufacturers -- have been found liable for the health crisis that has claimed more than 500,000 lives in t...
AFP
Paris (AFP) - When Matt Danzico began seeing cryptocurrency logos in the packaging of grocery store items, he knew he had a problem. Danzico had been swept up in the global craze for trading digital currencies during the pandemic, and very quickly it had grown into an obsession. "I would have these sleepless nights where I'd be tossing and turning, trying to get these charts out of my head," said the Barcelona-based designer and visual journalist. "I thought I was losing my mind." Cryptocurrencies like bitcoin and ethereum are notorious for their volatility, and the 39-year-old saw "years wo...
AFP
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