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

3 weeks 1 day 21 hours 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 - A Columbia man pleaded guilty in federal court Wednesday for his connections to drug trafficking and a... More >>
2 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 10:19:32 PM CST November 13, 2019 in News
FULTON - The Fulton Board of Education met Wednesday to discuss language on the April 2020 ballot regarding several of... More >>
6 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 6:48:00 PM CST November 13, 2019 in News
COLUMBIA - On World Kindness day, students and faculty at Russell Boulevard Elementary came together to honor former Columbia mayor... More >>
7 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 5:56:00 PM CST November 13, 2019 in News
SWEET SPRINGS- As the I-70 Community Hospital sits dormant on the side of the interstate, the Sweet Springs Ambulance District... More >>
7 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 5:12:00 PM CST November 13, 2019 in News
BOONE COUNTY - When you open the envelope from Boone County Assessor Tom Schauwecker's office , expect the numbers to... More >>
8 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 5:00:00 PM CST November 13, 2019 in News
COLUMBIA - Community members will meet at Columbia City Hall to discuss a possible new affordable housing development Wednesday at... More >>
8 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 4:42:00 PM CST November 13, 2019 in News
LAKE OZARK - The bodies of a Lake Ozark couple were sent to Southwest Missouri Forensics in Springfield for autopsy... More >>
9 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 4:00:00 PM CST November 13, 2019 in News
ST. LOUIS (AP) — Federal transportation safety investigators criticized the U.S. Coast Guard Wednesday for ignoring suggestions over... More >>
9 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 3:09:00 PM CST November 13, 2019 in News
CAPE GIRARDEAU — A very special puppy from southeast Missouri is going viral for being a ‘unicorn.’ Narwhal has... More >>
10 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 3:00:00 PM CST November 13, 2019 in News
COLUMBIA - After the snow settled on Monday, icy conditions took over the roadways and sidewalks. The ice covered... More >>
10 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 2:38:00 PM CST November 13, 2019 in News
COLUMBIA – Mobility Worldwide broke ground on their new manufacturing facility in front of a small crowd on Wednesday morning.... More >>
10 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 2:21:00 PM CST November 13, 2019 in News
COLUMBIA – Vaping has continued to be a rising issue in the United States and Columbia. According to the Centers... More >>
10 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 2:07:00 PM CST November 13, 2019 in News
ST. LOUIS (AP) — NASA says a meteor seen streaking through the sky behind the Gateway Arch in St. Louis... More >>
11 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 1:21:00 PM CST November 13, 2019 in Continuous News
COLE COUNTY - A boil advisory has been issued for residents in Hickory Hill, just west of California, Mo. ... More >>
12 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 12:09:00 PM CST November 13, 2019 in News
COLUMBIA - Boone County residents can help choose the design for the hottest accessory at the polls this year... More >>
14 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 10:06:02 AM CST November 13, 2019 in News
COLUMBIA - The LGBTQ community, along with several organizations, will celebrate Columbia's ban on conversion therapy. "Conversion therapy" is... More >>
17 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 7:29:00 AM CST November 13, 2019 in News
COLUMBIA - Russell Boulevard Elementary School will host a ceremony Wednesday honoring the life of a Columbia mayor who died... More >>
21 hours ago Wednesday, November 13 2019 Nov 13, 2019 Wednesday, November 13, 2019 3:24:00 AM CST November 13, 2019 in News
JEFFERSON CITY - One group is fighting to have citizens vote directly on whether or not they want more Missourians... More >>
1 day ago Tuesday, November 12 2019 Nov 12, 2019 Tuesday, November 12, 2019 10:27:00 PM CST November 12, 2019 in News
Columbia, MO
Broken Clouds 33°
1am 34°
2am 33°
3am 33°
4am 32°