McKesson opioid settlement overview:
- Who: McKesson Corp., Cencora Inc. and Cardinal Health have reached a $300 million class action settlement.
- Why: The McKesson settlement will resolve claims from health insurers and benefit plans over the drug distributorsโ alleged role in the opioid crisis.
- Where: The opioid class action lawsuit was filed in Ohio federal court.
Three of the countryโs largest drug distributors have reached a $300 million class action settlement over allegations they contributed to the opioid crisis, Reuters reports.
McKesson Corp., Cencora Inc. and Cardinal Health deny any wrongdoing but agreed to settle the McKesson opioid class action lawsuit to escape claims from health insurance companies and benefit plans over the drug companiesโ alleged failure to regulate the amount of opioid painkillers to be sold through illegal channels.
Paul Geller, one of the plaintiffsโ lawyers, said the McKesson settlement covered third-party payers that โlargely paid for the overprescribed and overmarketed pills and for the treatment required when their plan beneficiaries inevitably suffered opioid use disorder.โ
The proposed settlement class includes insurance companies and benefit plans that paid for or were reimbursed for prescription opioid drugs manufactured or distributed by the defendants and/or that incurred costs for treatment related to misuse, addiction and/or overdose of opioid drugs since Jan. 1, 1996.
McKesson will pay approximately 38% of the $300 million McKesson settlement amount, while Cardinal and Cenora will pay about 31%.
The plaintiffs have asked an Ohio federal judge to preliminarily approve the McKesson opioid settlement.
McKesson settlement part of effort to seek accountability for opioid crisis
Thousands of opioid lawsuits have been filed with the goal of holding drug manufacturers, distributors and pharmacies accountable for fueling the opioid crisis and hundreds of thousands of opioid overdoses in the United States over the last two decades.
More than $50 billion in settlements have been reached to date. Most of the opioid settlements have been reached with states and local governments.
Hikma Pharmaceuticals recently agreed to pay $150 million to escape allegations it failed to report suspicious opioid orders made by potentially illegal distributors. A California federal judge also recently approved a $78 million settlement over allegations McKinsey and Co. deceptively advertised its opioid prescription drugs.
What do you think about the McKesson settlement agreement? Join the discussion in the comments.
The plaintiffs are represented by Paul J. Geller and Mark J. Dearman of Robbins Geller Rudman & Dowd LLP; Elizabeth J. Cabraser and Eric B. Fastiff of Lieff Cabraser Heimann & Bernstein LLP; Peter H. Weinberger of Spangenberg Shibley & Liber; Jayne Conroy of Simmons Hanly Conroy; Joseph F. Rice of Motley Rice; and Paul T. Farrell Jr. of Farrell & Fuller LLC.
The McKesson opioid settlement is In re: National Prescription Opiate Litigation, Case No. 1:17-md-02804-DAP, in the U.S. District Court for the Northern District of Ohio, Eastern Division.
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130 thoughts onMcKesson, Cardinal, Cencora to pay $300M settlement over role in opioid epidemic
Add me please
Me and my fiance both were prescribed multiple different pain medications through out the years and we ended up addicted to them and years later after prescribing them to us they yanked the medication away from us cold turkey and left us with side effects and withdrawals please add us this lawsuit.
Add me to lawsuit please
Opioids ruined my life. Addicted for 10 years -doctors played Russian roulette with my life
Please add me to this lawsuit. My husband was given all these pain killers and the doctors failed to find that he had cancer.
please add me to the action.
Please add my husband went through horrible withdrawals after being prescribed high doses of oxy
Of course this settlement is for companies. Out of all that 50 billion dollars, the actual patients and ppl that suffered or are suffering got the LEAST amount. I mean is there even ONE of these where a direct tangible benefit was paid to the end user? Not that Iโm aware of. Im in Florida, and the state attorney general celebrated the big winโฆ.is florida disbursing it to the ppl that suffered? Of course not! Its for โtreatment and prevention โ which means thrown in some politicians pocket. The whole handling of all the opioid cases has disgusted me so far. And i know my venting on here will have zero effect on that but i needed to vent. Thanks and best wishes to all.
That is the greed that drives the United States. Entire country is ran on greed. Canada and Australia have free Healthcare but why not the US? Because suffering generates too much money. Iโm just as discusted as you about the situation and I agree, the funds are lining politicians pockets instead of the people that suffered the most.
After a 20 year + addiction, 3 ruined marriages, loss of income, the family torn apart & much more Iโve been waiting over 3 years for a measly few thousand dollars for compensation with no end in sight. All the payoffs come first Iโll probably never see a dimeโฆโฆ
Add me
My Oldest son died 2012 because of these Evil Pills Please add me