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Teva Pharmaceuticals opioid settlements overview:
- Who: New York’s attorney general announced $523 million in settlements with drugmaker Teva Pharmaceuticals.
- Why: The settlements end claims relating to Teva’s role in fueling the opioid crisis.
- Where: The Teva opioid settlements were made in the New York Supreme Court.
New York Attorney General Letitia James secured $523 million in settlements from drugmaker Teva Pharmaceuticals for its role in fueling the opioid crisis, finalizing her yearslong litigation against opioid manufacturers and distributors.
In a press release posted Nov. 3, the New York Attorney General’s Office says the settlements resolve New York’s claims against Teva, the final remaining defendant that is not in bankruptcy in a wide-ranging opioid case.
James secured $523 million for New York from two separate settlement agreements with Teva, her office said. This takes the funds she has secured for New York from those in the opioid industry to $2 billion.
“You cannot put a price on lives lost, addiction suffered, and families torn apart, but with the more than $2 billion we have now delivered to New Yorkers, we can continue to rebuild and recover,” she said.
Teva will pay up to $4.247 billion nationwide to settle opioid claims as part of a national settlement.
In New York, the funds secured from the settlements will be paid out over a period of 18 years.
The agreement also secures a ban on high-dose opioids, prohibitions on marketing opioids, restrictions on political lobbying and disclosure of Teva opioid product clinical data, among other injunctive remedies.
Teva settlements come after extensive opioid lawsuit
In 2019, James filed an extensive lawsuit against opioid distributors and manufacturers, including Teva, for their role in the opioid epidemic.
In addition to Teva and its affiliates, the manufacturers named in the complaint included Purdue Pharma and its affiliates; members of the Sackler family, owners of Purdue; Janssen Pharmaceuticals and its affiliates; Mallinckrodt LLC and its affiliates; and Endo Health Solutions and its affiliates.
The distributors named in the complaint were McKesson Corp., Cardinal Health Inc., AmerisourceBergen Drug Corp. and Rochester Drug Cooperative Inc.
In 2021, James won the trial against Teva Pharmaceuticals USA after a jury found the company and its affiliates liable for violating New Yorkers’ rights.
What do you think of the Teva settlements? Let us know in the comments!
New York is represented by the state attorney general’s office. Suffolk County is represented by Simmons Hanly Conroy LLC. Nassau County is represented by Napoli Shkolnik PLLC.
The Teva Pharmaceuticals opioid settlements are In re: Opioid Litigation, Case No. 400000/2017; County of Suffolk v. Purdue Pharma LP et al., Case No. 400001/2017; County of Nassau v. Purdue Pharma LP et al., Case No. 400008/2017; and State of New York v. Purdue Pharma LP et al., Case No. 400016/2018, all in the Supreme Court of the State of New York, County of Suffolk.
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7 thoughts onTeva Pharmaceuticals settles New York opioid lawsuits for $523M
I’m 37 and have been on varied opioids from drs. I’ve tried to ween many time. I feel like this is my life now and being married this is becoming number one in my life and not anything else
My brother died from
Opioids & fentanyl . My parents and my older brother died shortly afterwards they were all so heartbroken & in despair over my younger broke hers death . Please add me my family has truly suffered .
I lost my only son, May 2017.
To fentanyl. Very very very sad
Unfortunately his wife & son @ 16 months found him dead on couch.
My father soon left 6 weeks after
His heart was broken 😞 I was devastated & still suffering
Please put me in. 15 years of being on that monkey go round just because I was given it after surgery. It ruined my life.
Yes, it ruined me financially, took my freedom, destroyed my health . Please include my name
I have about 20 years of various opiods then fentnol please add and calle
Yes add me to this