Alabama reaches $276 million opioid settlement with J&J, McKesson, Endo -attorney general -Breaking
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© Reuters. FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermidBy Dietrich Knauth
(Reuters) -Alabama on Tuesday reached $276 million in settlements with Johnson & Johnson (NYSE:), McKesson Corp (NYSE:) and Endo International (NASDAQ:) Plc, resolving claims that the companies fueled an opioid addiction crisis, the state attorney general said.
Under the settlement, drug distributor McKesson will pay $141 million to the state, while drugmakers Johnson & Johnson and Endo will pay $70.3 million and $25 million, respectively, Alabama Attorney General Steve Marshall said in a statement.
Alabama was one of four states that declined to join a nationwide $26 billion settlement of opioid litigation by McKesson, two other top U.S. distributors and J&J that was finalized in February. [L1N2V01ZA]
“These three settlement agreements affirm my decision to decline participation in the national opioid settlements, which did not adequately acknowledge the unique harm that Alabamians have endured,” Marshall said in a statement.
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