Two Ohio Counties Receive $260 Million Settlement Over Opioid Crisis


Lawyers were up until 1 a.m. negotiating the latest settlement meant to address the aftermath of the opioid crisis.

Two counties in Ohio and 4 major drug companies reached a $260 million settlement that avoided a trial over who’s responsible for the opioid epidemic.

The settlement allows for more attention to be focused on what a broader settlement would look like. There are currently 2,500 opioid related lawsuits. Prior deals organized by state attorneys general would require that drug companies pay $22 billion in cash and provide a $26 billion donation in addiction treatment and services. However, local municipalities are asserting that the deal is not enough.

The deal made on Monday would funnel $215 million to Cuyahoga and Summit counties in Ohio from McKesson Corp., Cardinal Health Inc., and AmerisourceBergen Corp. Additionally the counties will receive addiction treatment services from Teva Pharmaceutical Industries.

“We are going to utilize these funds to get people on the right path,” said Cuyahoga County prosecutor Michael O’Malley.

The majority of these lawsuits assert that drug companies played a large role in pushing forward the opioid epidemic. More specifically these lawsuits believe that drug companies did not appropriately warn users of the potential risks of addiction and also allowed for high volumes of the drug to be easily accessible.

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Economics, Finance and Investing