News New York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis

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New York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis ​

Kristina Sgueglia
CNN Business
3 Nov 2022

Excerpt:

The New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates for its role in the opioid crisis, effectively marking the end of the state’s litigation against opioid manufacturers and distributors not currently in bankruptcy proceedings.

The funds — secured as part of Teva’s $4 billion-plus global settlement and separately from the state achieving a “historic liability verdict” following a jury trial against the company in 2021 — marks the largest settlement that Attorney General James has reached with an individual opioid defendant, according to a statement from James’ office.

The agreement also commits Teva to prohibit marketing opioids and funding third parties that promote them, and a ban on high-dose opioids and prescription savings programs among other injunctive relief.

 

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Fixed headline: Teva used as scapegoat by DEA for their murder of millions of Americans using fentanyl