So these drug companies caused

2021-08-24

So these drug companies caused addiction and deaths and destroyed so many families, and no one goes to jail and they can pay money just to close the case. Many things that are wrong with this world can be found in this case.

Six U.S. states will not join $26 billion opioid settlements with distributors, J&J

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Many things that are wrong with this world can be found in this case.</p></body></html>","htmlText":"<html><head></head><body><p>So these drug&nbsp;companies caused addiction and deaths and destroyed&nbsp;so many families, and no one goes to jail and they&nbsp;can pay money just to close the case. Many things that are wrong with this world can be found in this case.</p></body></html>","text":"So these drug companies caused addiction and deaths and destroyed so many families, and no one goes to jail and they can pay money just to close the case. Many things that are wrong with this world can be found in this case.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/834083933","repostId":2161526770,"repostType":4,"repost":{"id":"2161526770","kind":"news","pubTimestamp":1629760037,"share":"https://www.laohu8.com/m/news/2161526770?lang=&edition=full","pubTime":"2021-08-24 07:07","market":"us","language":"en","title":"Six U.S. states will not join $26 billion opioid settlements with distributors, J&J","url":"https://stock-news.laohu8.com/highlight/detail?id=2161526770","media":"Reuters","summary":"(Reuters) - At least six U.S. states, including Georgia, have decided they will not fully sign on to","content":"<p>(Reuters) - At least six U.S. states, including Georgia, have decided they will not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson &amp; Johnson, which have been accused of fueling the nation's opioid epidemic, according to the states' attorneys general.</p>\n<p>States had until Saturday to decide whether to support the $21 billion proposed settlement https://www.reuters.com/legal/litigation/drug-distributors-jj-reach-landmark-26-bln-opioid-settlement-2021-07-21 with McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc and a separate $5 billion agreement with J&amp;J.</p>\n<p>Georgia on Monday was the largest state that said it would not join the settlement.</p>\n<p>\"At the present time, joining the national settlements does not guarantee the best outcome for Georgia and its counties, cities and citizens,\" said the attorney general's office in an email. \"We will litigate our claims if needed to yield the greatest possible recovery for all Georgians to address this devastating crisis.\"</p>\n<p>New Mexico, Oklahoma, Washington and West Virginia also declined to join the deals, their state attorneys general said. New Hampshire agreed to the settlement with distributors but not the J&amp;J agreement.</p>\n<p>The complex settlement formula envisions at least 44 states participating, but ultimately the companies get to decide whether a \"critical mass\" has joined and whether to finalize the deal.</p>\n<p>The size of the settlement is based on the number of participating states. Those that decline to join will instead seek a larger recovery by continuing to fight the defendants in the courts. The companies have already paid hundreds of millions in verdicts and other settlements.</p>\n<p>The deal, which was unveiled by 14 state attorneys general on July 21, aims to resolve more than 3,000 lawsuits accusing the distributors of ignoring red flags that pain pills were being diverted into communities for illicit uses and that J&amp;J played down the risks of opioid addiction.</p>\n<p>The money would go toward funding treatment and other services.</p>\n<p>The companies deny wrongdoing, saying the drugs were approved by the U.S. Food and Drug Administration and that responsibility for ballooning painkiller sales lies with others, including doctors and regulators.</p>\n<p>McKesson said the companies have until Sept. 4 to determine if there is sufficient support for the agreements and said that process is ongoing. Cardinal Health and AmerisourceBergen declined to comment and J&amp;J did not immediately respond to a request for comment.</p>\n<p>The support of two other states, Nevada and Alabama, also appeared to be in doubt, according to sources familiar with the situation.</p>\n<p>Nevada's attorney general declined to comment and the Alabama attorney general did not respond to a request for comment.</p>\n<p>The participation of states is tied closely to that of their local governments, which brought the majority of the lawsuits. Cities and counties within participating states would have through Jan. 2 to sign on. Ultimately, $10.7 billion of the settlement money is tied to the extent to which localities participate.</p>\n<p>North Carolina Attorney General Josh Stein, a lead negotiator, last month said he expected \"well north\" of 40 states to join.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Six U.S. states will not join $26 billion opioid settlements with distributors, J&J</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSix U.S. states will not join $26 billion opioid settlements with distributors, J&J\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-24 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/six-u-states-not-join-224217467.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - At least six U.S. states, including Georgia, have decided they will not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson & Johnson, which have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/six-u-states-not-join-224217467.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生"},"source_url":"https://finance.yahoo.com/news/six-u-states-not-join-224217467.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2161526770","content_text":"(Reuters) - At least six U.S. states, including Georgia, have decided they will not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson & Johnson, which have been accused of fueling the nation's opioid epidemic, according to the states' attorneys general.\nStates had until Saturday to decide whether to support the $21 billion proposed settlement https://www.reuters.com/legal/litigation/drug-distributors-jj-reach-landmark-26-bln-opioid-settlement-2021-07-21 with McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc and a separate $5 billion agreement with J&J.\nGeorgia on Monday was the largest state that said it would not join the settlement.\n\"At the present time, joining the national settlements does not guarantee the best outcome for Georgia and its counties, cities and citizens,\" said the attorney general's office in an email. \"We will litigate our claims if needed to yield the greatest possible recovery for all Georgians to address this devastating crisis.\"\nNew Mexico, Oklahoma, Washington and West Virginia also declined to join the deals, their state attorneys general said. New Hampshire agreed to the settlement with distributors but not the J&J agreement.\nThe complex settlement formula envisions at least 44 states participating, but ultimately the companies get to decide whether a \"critical mass\" has joined and whether to finalize the deal.\nThe size of the settlement is based on the number of participating states. Those that decline to join will instead seek a larger recovery by continuing to fight the defendants in the courts. The companies have already paid hundreds of millions in verdicts and other settlements.\nThe deal, which was unveiled by 14 state attorneys general on July 21, aims to resolve more than 3,000 lawsuits accusing the distributors of ignoring red flags that pain pills were being diverted into communities for illicit uses and that J&J played down the risks of opioid addiction.\nThe money would go toward funding treatment and other services.\nThe companies deny wrongdoing, saying the drugs were approved by the U.S. Food and Drug Administration and that responsibility for ballooning painkiller sales lies with others, including doctors and regulators.\nMcKesson said the companies have until Sept. 4 to determine if there is sufficient support for the agreements and said that process is ongoing. Cardinal Health and AmerisourceBergen declined to comment and J&J did not immediately respond to a request for comment.\nThe support of two other states, Nevada and Alabama, also appeared to be in doubt, according to sources familiar with the situation.\nNevada's attorney general declined to comment and the Alabama attorney general did not respond to a request for comment.\nThe participation of states is tied closely to that of their local governments, which brought the majority of the lawsuits. Cities and counties within participating states would have through Jan. 2 to sign on. Ultimately, $10.7 billion of the settlement money is tied to the extent to which localities participate.\nNorth Carolina Attorney General Josh Stein, a lead negotiator, last month said he expected \"well north\" of 40 states to join.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AONE.U"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":182,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/834083933"}