Rite Aid Agrees to Mediation With Opioid Victims, Creditor Panel December 20, 2023 By Steven Church and Amelia Pollard Bankrupt pharmacy chain Rite Aid Corp. agreed to begin court-supervised mediation with lower ranking creditors, including groups that blame the...
McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits September 27, 2023 By Joel Rosenblatt McKinsey & Co. is poised to pay $230 million in its latest settlement of lawsuits blaming the company for its...
Kroger to Pay Up to $1.4 Billion to Resolve Opioid Lawsuits September 8, 2023 By Nate Raymond Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states,...
Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case August 30, 2023 By Chad Hemenway A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost...
A $1.7 Billion Opioid Settlement Is at Risk of Falling Apart June 16, 2023 By Jonathan Randles A major US opioid settlement is on the verge of unraveling. Mallinckrodt Plc, the drugmaker that first began producing morphine...
Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids January 17, 2023 By Chad Hemenway Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug...
Allergan Poised to Pay More Than $2 Billion in Opioid Settlement July 28, 2022 By Jef Feeley AbbVie Inc.’s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed...
Teva Reaches Proposed $4.35 Billion Settlement of Opioid Lawsuits July 27, 2022 By Dietrich Knauth and Nate Raymond Teva Pharmaceutical Industries on Tuesday announced a $4.35 billion proposed nationwide settlement that could resolve thousands of lawsuits over the...
Teva Pharma Sees Nationwide U.S. Opioid Settlement in 2022 May 3, 2022 By Steven Scheer Teva Pharmaceutical Industries believes it would have to pay around $2.6 billion in cash and medicine to settle thousands of...
Judges Skeptical as Purdue Seeks Revival of Sackler Liability Shield in Bankruptcy Deal May 2, 2022 By Dietrich Knauth Judges on a U.S. appeals court appeared hesitant on Friday to revive a legal shield that would protect members of...