Rhode Island, in reversal, to settle opioid claims against U.S. drug distributors [Reuters]
AmerisourceBergen Corporation (ABC)
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Source: Reuters
to back resolving lawsuits alleging that three large drug distributors fueled the deadly U.S. opioid epidemic. Rhode Island Attorney General Peter Neronha's announcement marked the latest instance of a holdout state opting into the settlement with the big three drug distributors McKesson Corp , AmerisourceBergen Corp and Cardinal Health Inc . Cities and counties in states that have agreed to settle face a Wednesday deadline to join the distributors' settlement and a related $5 billion agreement here with the drugmaker Johnson & Johnson. How much the companies ultimately must pay and how much outstanding litigation they will face depends on state and local government participation. The deadline was recently extended as more states opted to settle. Rhode Island will receive at least $90.8 million over 18 years from the distributors under an agreement the state said ensures it receives money regardless of whether the global settlement proceeds. AmerisourceBergen said it was “pl
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