Four attorneys general propose framework for a global $48 billion opioid settlement

2 months 3 weeks 5 days ago Tuesday, October 22 2019 Oct 22, 2019 Tuesday, October 22, 2019 4:16:38 AM CDT October 22, 2019 in News
By: Melanie Schuman and Madeline Holcombe, CNN

(CNN) -- Four attorneys general announced a proposed framework for a global settlement that could resolve lawsuits against five companies involved in the opioid crisis.

North Carolina Attorney General Josh Stein, along with the attorneys general of Tennessee, Pennsylvania and Texas, announced a $48 billion proposed settlement Monday with two manufacturers -- Johnson & Johnson and Teva Pharmaceutical Industries -- and with three distributors -- Cardinal Health, McKesson and Amerisource Bergen.

The proposed deal includes $22 billion in cash and another $26 billion in "medication assisted treatment drugs and their distribution" over a ten-year period. It also includes an agreement for the companies to change their policies to prevent future over-distribution of opioids.

The attorneys general are hoping other states will join the settlement, and it remains unclear if this proposal will move forward if they don't, according to a spokesperson for Stein.

The proposal is not part of the $260 million settlement reached Monday with two Ohio counties in the multi-district litigation also known as the MDL.

The MDL is comprised of 2,700 municipalities as plaintiffs. Most states have their own pending litigation involving the opioid crisis and are not listed in the MDL as plaintiffs, but a proposed global settlement deal such as this aims to resolve both sets of litigation.

Three of the defendants -- AmerisourceBergen, Cardinal Health and McKesson -- issued a joint statement saying the MDL settlement does not mean they are at fault.

"While the companies strongly dispute the allegations made by the two counties, they believe settling the bellwether trial is an important stepping stone to achieving a global resolution and delivering meaningful relief," the joint statement said.

Paul Hanly, who represents municipalities for negotiation purposes in the MDL, told CNN that while he favors a global settlement, his plaintiffs are concerned that they will never see the money at a local level if the attorneys general proposed settlement is finalized.

Hanly also told CNN that this $48 billion figure is simply not enough.

"The opioid epidemic has ripped through our communities and left a trail of death and destruction in its wake. This agreement is an important step in our progress to help restore people's lives," Stein said in a press release.

The distribution of the $22 billion in cash will be based on a formula that has yet to be finalized.

Pennsylvania Attorney General Josh Shapiro cautioned that without a deal like this, communities across the country will not receive the proper funding.

"We will have a system in this country where we will randomly and haphazardly litigate these cases," Shapiro said on a conference call with reporters Monday. "And the needs of people across the country will not be met."

More News

Grid
List
COLUMBIA – The city of Columbia reporter hundreds of residents were without power Friday afternoon in east central Columbia, in... More >>
1 hour ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 6:03:00 PM CST January 17, 2020 in News
KANSAS CITY, Mo. (AP) — Former Walmart Inc. chief executive David Glass, who owned the Kansas City Royals for nearly... More >>
1 hour ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 5:24:21 PM CST January 17, 2020 in News
MID-MISSOURI - Another week in January, and another winter storm. This time around it will likely all happen in one... More >>
2 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 4:46:00 PM CST January 17, 2020 in Weather
COLUMBIA- The Columbia Fire Department is reminding residents to make sure their home is safe during these cold temperatures. ... More >>
3 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 4:03:00 PM CST January 17, 2020 in News
COLUMBIA - Boone Hospital Center will hold a job fair specifically for former employees of Pinnacle Hospital on Tuesday. The... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 3:12:00 PM CST January 17, 2020 in News
FULTON - Police took one suspect into custody after responding Friday afternoon to a burglary in progress call near W... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 3:05:00 PM CST January 17, 2020 in News
JEFFERSON CITY - Sleet and freezing rain hit across mid-Missouri throughout the day Friday. Jefferson City Public Works director... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:52:00 PM CST January 17, 2020 in News
COLUMBIA - The last flight to land at Columbia Regional Airport Friday touched down at 10:00 a.m. Those departing the... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:52:00 PM CST January 17, 2020 in News
COLUMBIA - The city of Columbia is reporting more than 1,000 people are without power in east central Columbia, in... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:26:12 PM CST January 17, 2020 in News
FULTON - Officers took two suspects into custody after investigating a report of a stolen package in the residential area... More >>
5 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:03:00 PM CST January 17, 2020 in News
MONTGOMERY COUNTY - Two people have been arrested and charged in connection with the 2017 death of Benjamin Renick. ... More >>
7 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 12:03:00 PM CST January 17, 2020 in News
COLUMBIA - With colder temperatures expected to arrive in mid-Missouri, shelters are preparing to care for those in need. ... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 6:27:00 PM CST January 16, 2020 in News
COLUMBIA — State Sen. Caleb Rowden, R-Columbia, issued a statement Thursday afternoon about the closure of the Pinnacle Regional Hospital... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 5:40:00 PM CST January 16, 2020 in Continuous News
COLUMBIA - One Missouri lawmaker's bill could create new curriculum for schools in the state. House Bill 2153, sponsored... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 5:21:00 PM CST January 16, 2020 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson said Thursday that he plans to fight efforts to expand the number... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 4:06:00 PM CST January 16, 2020 in News
NEW FRANKLIN — In a Facebook post Wednesday afternoon, New Franklin police chief Mike Wise announced plans to step down.... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 2:14:00 PM CST January 16, 2020 in News
BOONVILLE - The announcement of Pinnacle Regional Hospital's closing came suddenly this week, even catching residents off guard who expected... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 1:57:00 PM CST January 16, 2020 in News
WASHINGTON (AP) — The White House violated federal law in withholding security assistance to Ukraine, an action at the... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 12:35:15 PM CST January 16, 2020 in News
Columbia, MO
Broken Clouds 32°
8pm 34°
9pm 34°
10pm 35°
11pm 36°