opioids
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A New York drug distributor told a Rochester federal court that Hiscox Insurance Co. shouldn’t be allowed to “flee from its coverage obligations” in a case seeking to force the insurer to advance costs for an upcoming trial over the drug distributor’s alleged role in the opioid epidemic… Read this piece in its entirety at
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Johnson & Johnson has agreed to pay $20.4 million to resolve claims by two Ohio counties that were going to be at the center of the first bellwether trial later this month in multidistrict litigation against drugmakers blamed for the U.S. opioid crisis… Read this piece in its entirety at Law360.
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A New York federal judge on Tuesday granted a request by Wells Fargo Securities LLC for an early exit from a $163 million suit that accused the Wall Street titan of allowing a hedge fund to control collateralized debt obligations that the fund was simultaneously betting against… Read this piece in its entirety at Law360.
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A slew of major drugmakers and distributors on Monday lost their bids to kill a suit brought by Tucson Medical Center Inc. blaming the pharmaceutical giants for financial harm the nonprofit Arizona hospital says it suffered as a result of the companies’ roles in the U.S. opioid crisis… Read this piece in its entirety at
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Vermont’s attorney general’s office announced Thursday that it will continue its lawsuit against Purdue Pharma for the company’s alleged role in fueling opioid addiction in the Green Mountain State, after a state judge ruled against the OxyContin maker’s bid to kill the case… Read this piece in its entirety at Law360.
Mike LaSusa 