Making a deal
Drug companies reach settlement as opioid trial set to begin
CLEVELAND — Four drug companies reached a lastminute legal settlement over their role in the opioid addiction epidemic just as a nineweek trial was scheduled to start in Cleveland, the Wall Street Journal reported Monday.
Drug distributors AmerisourceBergen Corp
It was unclear if the fifth defendant, pharmacy chain operator Walgreens Boots Alliance Inc
On Friday, talks collapsed aimed at reaching a broader $48 billion settlement covering thousands of lawsuits filed by counties, towns and states from across the country over the opioid crisis.
The story could not be immediately verified and the Wall Street Journal did not report terms of the settlement.
The trial was scheduled to pit two Ohio counties against the five companies that the local governments say helped fuel a nationwide crisis. Some 400,000 U.S. overdose deaths between 1997 and 2017 were linked to opioids, according to government data.
The report said the settlement only covered the two Ohio counties acting as plaintiffs in the so-called bellwether or test trial. Attorneys were seen hugging and congratulating each other outside the courtroom.
The report comes as lawyers, jurors and reporters were gathering for opening arguments on Monday morning in Cleveland’s federal courthouse.