View this article online: https://www.insurancejournal.com/news/southcentral/2019/06/12/529062.htm
An Oklahoma judge is declining to approve the state’s proposed $85 million settlement with an opioid maker until he’s assured it complies with a new law targeting such deals.
The attorney general’s office says Cleveland County Judge Thad Balkman has ordered attorneys for both the state and Israeli-owned Teva Pharmaceuticals to file additional paperwork before he approves the settlement.
Attorney General spokesman Alex Gerszewski says the judge wants both sides to address how distribution of the money conforms to the new law.
Concerned about how the state’s $270 million settlement with Purdue Pharmaceuticals was structured, the Republican-led Legislature passed a law directing any settlement funds directly into the state treasury.
Oklahoma’s lawsuit blaming consumer products giant Johnson & Johnson and some of its subsidiaries for contributing to the opioid epidemic is continuing.