Articles by Dietrich Knauth and Nate Raymond

Teva Reaches Proposed $4.35 Billion Settlement of Opioid Lawsuits

Teva Pharmaceutical Industries on Tuesday announced a $4.35 billion proposed nationwide settlement that could resolve thousands of lawsuits over the drugmaker’s alleged role in the U.S. opioid epidemic. The proposal calls for Teva to pay state and local governments up …

Boy Scouts of America and Girl Scouts Settle Trademark Dispute Over Co-Ed Scouting

The Boy Scouts of America and Girl Scouts have settled their dispute over the Boy Scouts’ right to use the word “scouting” to advertise co-ed programs, according to a filing in Delaware bankruptcy court on Friday. The settlement ends a …

Texas Attorney General Opens Investigation Into Walmart’s Opioid Sales

Texas Attorney General Ken Paxton said on Tuesday he was investigating whether Walmart WMT.N improperly filled prescriptions and failed to report suspicious orders when selling opioid drugs. Paxton said he had opened a civil investigation into Walmart’s potential violations of …

U.S. Supreme Court Again Nixes Bayer Challenge to Weedkiller Suits

The U.S. Supreme Court on Monday rejected another Bayer AG bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned …

Opioid Distributors Reach $518M Settlement with Washington

Washington has reached a $518 million settlement with drug distributors McKesson Corp MCK.N, AmerisourceBergen Corp ABC.N and Cardinal Health CAH.N, ending a months-long trial over the companies’ alleged role in fueling the opioid epidemic in the state, McKesson announced on …

Judges Skeptical as Purdue Seeks Revival of Sackler Liability Shield in Bankruptcy Deal

Judges on a U.S. appeals court appeared hesitant on Friday to revive a legal shield that would protect members of the Sackler family who own Purdue Pharma from lawsuits related to the prescription opioid OxyContin, a key to ending the …

Walgreens, Drugmakers Blame Others For San Francisco’s Opioid Crisis

Pharmacy chain Walgreens Boots Alliance WBA.O and other defendants on Tuesday said they were not to blame for the opioid crisis in San Francisco, and that they acted responsibly when providing legal medications to patients in pain. “Almost all of …

Rhode Island Reaches $107M Opioid Settlements With Teva and Allergan

Rhode Island’s attorney general on Monday announced settlements he valued at $107 million against the drugmakers Teva Pharmaceutical Industries and AbbVie’s Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state. Attorney General Peter …

Purdue Pharma Judge Overrules DOJ to Approve $6 Billion Opioid Settlement

The judge overseeing Purdue Pharma’s bankruptcy has approved a $6 billion opioid settlement funded by its Sackler family owners, overruling objections from the Department of Justice and 20 states that opposed the deal. Under the settlement, the Sacklers would pay …

Trial Against Teva Begins in Rhode Island Multibillion-Dollar Opioid Case

Rhode Island is set to square off on Monday against Teva Pharmaceutical Industries Ltd., as a multibillion-dollar trial begins over whether the Israeli company contributed to an opioid crisis that has caused more than 500,000 deaths over the past two …