3 Major Drug Distributors Reportedly Negotiating $18B Opioid Settlement
Three major U.S. drug distributing companies are negotiating a multibillion-dollar settlement to end numerous lawsuits filed by state and local governments seeking compensation for costs associated with the opioid crisis.
The drug distributors — Amerisource Bergen, McKesson and Cardinal Health — could pay as much as $18 billion over 18 years, according to The Wall Street Journal, which first reported the discussions.
Word of a possible settlement comes as the three companies and three others — drugmaker Teva Pharmaceutical, Walgreens and a small distributors called Henry Schein — are set to go to court next week in a landmark trial in Ohio.
With over 2,000 lawsuits filed across the country by governments and tens of billions of dollars at stake, details of a possible settlement are scant. As North Country Public Radio’s Brian Mann reported,
“A source tells NPR the drug distributors Amerisource Bergen and McKesson have reached a tentative settlement with at least some state attorneys general, as has the drugmaker Teva. The Wall Street Journal, meanwhile, is reporting McKesson, Amerisource Bergen and Cardinal Health have reached a tentative national settlement. … It remains unclear how these last-minute settlements might affect a federal trial set to begin Monday in Ohio.”
That trial will be presided over by U.S. District Judge Dan Posner who has been urging the parties to settle.
Judge Thad Balkman holds a hearing Tuesday on his final judgment in the opioid lawsuit against Johnson & Johnson by the state of Oklahoma.
Sue Ogrocki/AP
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Sue Ogrocki/AP
In another legal development, a state judge in Oklahoma, Thad Balkman, is acknowledging a $107 million error in a recent verdict assigning responsibility for that state’s opioid epidemic that has claimed more than 4,000 lives from 2007 to 2017.
In August, Balkman ruled that drugmaker Johnson and Johnson should pay $572 million for contributing to Oklahoma’s opioid crisis after the state sued for $17 billion.
But the judge said his ruling included $107.6 million for addiction costs when he meant to order a penalty of $107,600.
KGOU’s Jackie Fortier reported,
“His announcement could mean the judgment will be cut. But it’s unclear how much Johnson & Johnson will ultimately have to pay Oklahoma — the judge will rule on other legal objections to his verdict at a later date.”
A new study by the Society of Actuaries estimates that the opioid epidemic has cost the U.S. economy about $631 billion over the past four years. The study finds that the unrealized lifetime earnings of those who died prematurely due to drug overdoses and health care costs associated with opioid use were the biggest drivers of the economic drag created by the opioid crisis.
Back From China, LeBron James Speaks Out On NBA Controversy
Los Angeles Lakers forward LeBron James, shown here during a game on Monday, has weighed in on comments made by Houston Rockets General Manager Daryl Morey.
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Los Angeles Lakers star LeBron James has criticized a tweet sent by Houston Rockets General Manager Daryl Morey in support of Hong Kong protesters, saying of Morey, “I believe he wasn’t educated on the situation at hand.”
James has just returned from the NBA’s tense trip to China, where teams played exhibition games but many player appearances were canceled owing to the controversy over Morey’s statement, which was deleted shortly after it was posted.
“Yes, we all do have freedom of speech, but at times there are ramifications for the negative that can happen when you’re not thinking about others and you’re only thinking about yourself,” James told reporters in Los Angeles.
“I don’t want to get into a word or sentence feud with Daryl, with Daryl Morey, but I believe he wasn’t educated on the situation at hand and he spoke,” James said. He added, “And so many people could have been harmed, not only financially but physically, emotionally, spiritually.”
James’ comments quickly met with criticism in the U.S. and beyond. For example, Michael David Smith from Pro Football Talk tweeted, “Morey literally was thinking about others. He was thinking about the people of Hong Kong, who want the same freedoms Americans take for granted.”
James has previously spoken out about social issues in the U.S., including police shootings of black men and the far-right rally in Charlottesville, Va. But his latest comments have drawn criticism in the U.S. and outrage from protesters in Hong Kong. On Tuesday, a protester brandished a sign at a demonstration that showed James embracing a Chinese banknote.
A demonstrator holds a sign showing Lebron James embracing a Chinese 100-yuan banknote during a rally in Hong Kong on Tuesday.
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In his remarks, James did not engage with the specific message of Morey’s tweet, which said, “Fight for Freedom. Stand with Hong Kong.” He appeared to be speaking primarily about the Chinese backlash that targeted the broader NBA — including James’ team. The Lakers played a preseason game in Shenzhen on Saturday, but Chinese networks refused to broadcast it, and the NBA canceled news conferences related to the game.
Morey’s remarks supporting pro-democracy protesters in Hong Kong caused major backlash from China ahead of an exhibition series there between the Lakers and the Brooklyn Nets. The NBA has been seeking to expand its fan base in the country. But as NPR reported, the NBA’s media partner in China, Tencent, said it wouldn’t air any Rockets games, in addition to dropping the two preseason games played in China.
My team and this league just went through a difficult week. I think people need to understand what a tweet or statement can do to others. And I believe nobody stopped and considered what would happen. Could have waited a week to send it.
— LeBron James (@KingJames) October 15, 2019
James said players on the overseas trip had feared games would be canceled.
“You know, so many different events have been canceled throughout our time there, and all we kept saying is … we flew all these miles to come over to China — we would love to play the game of basketball in front of the fans,” James said.
When the NBA canceled news conferences for the teams last week, the league said the players “have been placed into a complicated and unprecedented situation while abroad and we believe it would be unfair to ask them to address these matters in real time.”
After Morey’s initial comments caused a stir in China, Morey tweeted that he “did not intend my tweet to cause any offense to Rockets fans and friends of mine in China. I was merely voicing one thought, based on one interpretation, of one complicated event.”
The NBA has been hit with a backlash of its own, particularly after it released different statements about Morey’s remarks in English and Mandarin. As NPR’s Brakkton Booker reported, the mixed messages “exposed the NBA to criticism that it was attempting to appease China at the cost of traditional U.S. values — such as free speech.” The league later clarified in a news conference that it supports freedom of expression from the NBA’s community members.
The protests in Hong Kong, which have continued for months now, are calling for greater freedoms in the territory. In recent weeks, they have grown more violent, with clashes between demonstrators and police. Earlier this month, a protester was shot by police.
