Estimated reading time: 0 minutes, 29 seconds

Drug Companies: Plaintiffs’ Lawyer Fees Could Derail Settlement Talks

Johnson & Johnson, along with other drug companies facing “thousands” of lawsuits related to the U.S. opioid epidemic are concerned settlement talks will be jeopardized if the plaintiffs’ lawyers are permitted to “assess a fee payment worth billions of dollars.” So reports Reuters.

packs 163497 640smallMcKesson Corp and Teva Pharmaceutical Industries Ltd joined a request to reject a 7% fee levied against any settlements. A consolidated list of lawsuits alleges the crisis led to the deaths of 400,000 people in the U.S. since 1999. A trial is expected to begin Friday, March 20 in New York.

Read the full story from Reuters.

Read 2008 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.