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Stock impact report

West Virginia city makes final pitch in opioid lawsuit seeking $2.5 bln [Reuters]

AmerisourceBergen Corporation (ABC) 
Last amerisourcebergen corporation earnings: 1/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.amerisourcebergen.com/investors
Company Research Source: Reuters
on Tuesday in their case against the nation's largest drug distributors, seeking $2.5 billion to remedy an opioid crisis they say the companies helped cause. Huntington and Cabell County, along with the rest of the state's local governments, have not signed on to the $21 billion nationwide settlement with distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc announced last week, instead betting that they can do better on their own. There is no jury in the trial. The lawyers will be making their pitch directly to U.S. District Judge David Faber in Charleston, who will decide whether the companies must pay to help remedy the region's opioid crisis. The distributors' lawyers are expected to make their closing arguments on Wednesday. Nearly 500,000 people died from opioid overdoses in the United States from 1999 to 2019, according to the U.S. Centers for Disease Control and Prevention. The CDC earlier this month said provisional data showed 69,710 opioid overdos Show less Read more
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