U.S. States to Announce $26 Billion Settlement With Opioid Distributors
At least 44 U.S. state attorneys general and lawyers are believed to disclose a $26 billion settlement proposal to resolve claims that Johnson & Johnson (NYSE:JNJ) and other opioid-distributing companies were partly responsible for a nationwide opioid epidemic. Q2 2021 hedge fund letters, conferences and more A Complex Civil LawsuitAs informed by Fox Business, J&J said it would pay $5 billion, while distributors McKesson Corporation (NYSE:MCK), Cardinal Health Inc (NYSE:CAH), and AmerisourceBergen Corp (NYSE:ABC) are expected to pay a combined $21 billion. More than 40 states are believed to s...