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Benzinga
Benzinga
Technology
Vandana Singh

Drug Distributors, JNJ Agree To Settle $26B Opioid Lawsuits

NYSE JNJ MCK AmerisourceBergen CAH Cardinal Health McKesson AmerisourceBergen Corp Cardinal Health Inc McKesson Corporation

Distributors McKesson Corporation (NYSE:MCK), AmerisourceBergen Corp (NYSE:ABC), Cardinal Health Inc (NYSE:CAH), and Johnson & Johnson (NYSE:JNJ) have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments regarding the opioid epidemic.

The deal aims to resolve more than 3,000 lawsuits, mainly by state and local governments seeking to hold the companies responsible for an opioid abuse crisis.

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