Opioid Lawsuits

Dublin-based Cardinal Health is among three opioid distributors offering to pay 10 billion dollars to settle lawsuits filed by state and local governments over their alleged role in the nation's opioid crisis. 

An Israel-based pharmaceutical company has agreed to an $85 million settlement with the state of Oklahoma over its alleged role in fueling the opioid crisis.

Oklahoma Attorney General Mike Hunter had accused Teva Pharmaceuticals of creating a public nuisance through its production and marketing of opioids. In a statement announcing the settlement, Teva said the agreement "does not establish any wrongdoing on the part of the company." Teva also said it "has not contributed to the abuse of opioids in Oklahoma in any way."

Updated at 3:20 p.m.

The first of more than 1,600 lawsuits pending against Purdue Pharma, the maker of the opioid OxyContin, has been settled.

The drugmaker has agreed to pay $270 million to fund addiction research and treatment in Oklahoma and pay legal fees.

Oklahoma Attorney General Mike Hunter filed suit two years ago alleging Purdue helped ignite the opioid crisis with aggressive marketing of the blockbuster drug OxyContin and deceptive claims that downplayed the dangers of addiction.

America's big drugmakers and pharmacy chains are scrambling to respond to hundreds of lawsuits tied to the deadly opioid epidemic. Billions of dollars are at stake if the companies are found liable for fueling the crisis.

Even before judgments are rendered, companies like Purdue Pharma, Johnson & Johnson and CVS are already suffering damage to their reputations as evidence in civil suits reveals more about their internal workings.