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July 22, 2021

Opioid Distributors Tentatively Agree to Pay $26 Billion Settlement

On July 20th, a tentative settlement of $26 billion was announced which will have the three major opioid distributors, McKesson, Cardinal Health and AmerisourceBergen, paying $21 billion over a span of 18 years. Johnson & Johnson, who provided the raw material for opioids and sold painkillers, will pay $5 billion over nine years. This deal will settle over 3,000 lawsuits. The money is to be spent on treatment, prevention, education and other costs of the epidemic, however, none of the families who have lost loved ones will receive any cash from this settlement.