Teva, Allergan, CVS, and Walgreens Finalize Opioid Settlement Agreements
Wisconsin to Receive Over $276 Million to Fight the Opioid Crisis
MADISON, Wis. – Attorney General Josh Kaul today announced the final approval of $17.3 billion in opioid agreements with drug makers Teva and Allergan and pharmacies CVS and Walgreens. Following successful state sign-on and subdivision sign-on periods, the defendants have committed to the deal and will start releasing funds to a national administrator later this summer. Wisconsin is set to receive nearly $277 million over 15 years. Money is expected to start flowing to state and local governments by the end of 2023.
“The opioid crisis has resulted in harm to countless people, and those who fueled the crisis must be held accountable,” said AG Kaul. “The hundreds of millions of dollars that Wisconsin communities will receive from these and other case resolutions will enable more progress to be made in the fight again the opioid epidemic.”
Wisconsin will receive nearly $276,777,000 over 15 years. National investigations and litigation against the pharmaceutical industry over the opioid crisis has led to more than $50 billion; Wisconsin’s share so far is over $764 million.
Teva and Allergan negotiations were led by Attorneys General from North Carolina, Iowa, California, Illinois, Maryland, Massachusetts, New York, Pennsylvania, Tennessee, Texas, Vermont, Virginia, and Wisconsin. CVS and Walgreens negotiations were led by Attorneys General from North Carolina, California, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Nebraska, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, and Texas.
View the press release on the Wisconsin DOJ website here.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Opioid Crisis
- MKE County: Opioid Settlement Will Fund 7 New, Expanded Abatement Efforts - Graham Kilmer - Jun 28th, 2024
- Legislators Agree on Opioid Plan, Still Withhold PFAS, Hospital Funds - Erik Gunn - May 8th, 2024
- Baldwin Announces Over $17.7 Million to Tackle Fentanyl and Opioid Crisis in Wisconsin - U.S. Sen. Tammy Baldwin - May 7th, 2024
- Baldwin Backed Legislation to Crack Down on Fentanyl Traffickers Heads to President’s Desk - U.S. Sen. Tammy Baldwin - Apr 24th, 2024
- Legislature Stalls Opioid Settlement Funds. Again - Erik Gunn - Apr 23rd, 2024
- Milwaukee Bucks Legend Marques Johnson Joins Forces with Serenity Inns to Combat Opioid Epidemic in Milwaukee - Serenity Inns - Apr 23rd, 2024
- Law Enforcement Agencies Awarded Grants from State Opioid Settlement Funds - Wisconsin Department of Health Services - Apr 18th, 2024
- MKE County: County Wins Award for Opioid Settlement Fund Usage - Graham Kilmer - Apr 4th, 2024
- MKE County: County Offering $2.8 Million For Opioid Addiction Programs - Graham Kilmer - Mar 28th, 2024
- Senator Baldwin Calls on House to Pass Bill that Cracks Down on Fentanyl Traffickers - U.S. Sen. Tammy Baldwin - Feb 15th, 2024
Read more about Opioid Crisis here
Recent Press Releases by Wisconsin Department of Justice
Attorney General Kaul Joins Coalition Urging Court to Uphold FTC’s Ban on Deceptive TurboTax Advertising
Jun 26th, 2024 by Wisconsin Department of JusticeCoalition Argues TurboTax Maker Intuit Harmed Millions of Consumers