Te­va, Al­ler­gan open to set­tling 3500+ law­suits for more than $5B as ne­go­ti­a­tions con­tin­ue — re­port

Sev­er­al com­pa­nies have doled out tens, if not hun­dreds of mil­lions of dol­lars to set­tle lit­i­ga­tion sur­round­ing the role they al­leged­ly had dur­ing the opi­oid epi­dem­ic on the state lev­el. In the case of com­pa­nies like Pur­due Phar­ma, a fed­er­al judge ap­proved a set­tle­ment that would see states re­ceive up to $6 bil­lion over the next 18 years.

Now, a re­port hints that Te­va and Al­ler­gan may be lin­ing up to be the next multi­bil­lion-dol­lar set­tle­ment.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER