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The state is one of eight that opted to not settle with McKesson, who along with rivals AmerisourceBergen and Cardinal Health agreed in July to pay $21 billion to resolve thousands of opioid lawsuits by other states and local governments. Alabama Settles Opioid Claims With J&J, McKesson, Endo for $276 The settlement, including the payment, will be subject to 100% participation by Louisiana's political subdivisions (to be provided to Endo by October 28, 2021) and the execution of definitive . The State of Alabama has reached a settlement with Endo International (. Alabama News Network Staff. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. McKesson and Endo have denied any wrongdoing on their end. v. Endo International (Lidoderm) Settlement. Please disable your ad-blocker and refresh. CVS and Walgreens Reach Settlement in Opioid Lawsuits, MATE Act Becomes Law: DEA Healthcare Provider License, Teva and AbbVie Agree to $6.6 Billion in Opioid Settlements. Defendants deny all allegations of wrongdoing or liability whatsoever. Drug overdoses climbed in Alabama during pandemic, Buy newspaper front pages, posters and more. This week, Johnson & Johnson doled out $99 million to remove itself from | Alabama is set to get a $276 million payout from Johnson & Johnson, Endo and McKesson as part of an opioid litigation . Sara is a credited freelance writer, editor, contributor, and essayist, as well as a novelist and poet with nearly twenty years of experience. (Reuters) - Alabama is set to take drug distributor McKesson Corp and pharmaceuticals maker Endo International Plc to trial over claims they fueled the opioid epidemic as the state fights for a multi-billion dollar payout after rejecting a nationwide settlement. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Office Main Number: 334-242-7300 Alabama reaches $276M settlement in opioid cases The industry leader for online information for tax, accounting and finance professionals. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. or probate matters (real estate, wills, property disputes, etc.). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up here to get the latest news and updates delivered directly to your inbox. The state is continuing to work through the mediator to resolve issues with McKesson, and the parties believe that additional time will allow them to complete a settlement and achieve a resolution without the need for a trial. The distributor is confident that a compromise can be reached. Endo Pharmaceutical: The State of Alabama and its subdivisions will receive $25 million this year in a lump-sum payment. All of the settlement funds are to be allocated towards remediating the harms caused by the opioid crisis in the state. See here for a complete list of exchanges and delays. He can be reached at nate.raymond@thomsonreuters.com. The URL for the page will be included in a hidden field when the form is submitted. All rights reserved (About Us). A court filing made Tuesday, Feb. 1, 2022 in Cleveland lays out the details of the settlements with. Washington, DC 20036, As the nonpartisan national forum for America's state and territory attorneys general and their staff, NAAG provides collaboration, insight, and expertise to empower and champion America's attorneys general.