Mallinckrodt Pays $24M To Exit Opioid MDL Bellwethers
Law360 (September 6, 2019, 1:33 PM EDT) -- Mallinckrodt said Friday it will pay $24 million and donate up to $6 million in generic drugs to resolve claims from two Ohio counties that are behind the lead bellwether cases in multidistrict litigation against opioid manufacturers.
The U.K.-based pharmaceutical company said it had reached a settlement in principle with Cuyahoga and Summit counties to resolve their claims in the upcoming Oct. 21 trial over allegations that drugmakers and distributors fueled the opioid epidemic with reckless sales of painkillers and by downplaying the drugs' addiction risks.
"Mallinckrodt is pleased we were able to reach a settlement in principle with the counties...
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