Teva Seeks Global Resolution Of Opioid Litigation
Bellwether Trial In US Is Halted By Settlement Agreement
Teva and three distributors settle with two plaintiffs; PBMs are defendants in next case as Teva also reaches an agreement in principal with four attorneys general for global settlement framework.
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Teva is to put more than $3bn in cash on the table over the next 13 years to resolve longstanding opioid-related claims against the company in the US.
Teva has settled the final outstanding advanced US state-level opioid-related case against the firm, but recent allegations from the New York attorney general could see the firm back in court sooner rather than later.
Teva has settled the opioid claims it faced in the state of Florida, alongside CVS, Allergan and Endo.