AG Derek Schmidt announces settlement framework with generic opioid manufacturer

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TOPEKA - (March 4, 2020) - Kansas Attorney General Derek Schmidt and other state attorneys general have agreed to a nationwide settlement framework that would require the country's largest manufacturer of generic opioids to set aside $1.6 billion to address opioid-fueled addiction costs. However, the company's recently announced plans to file bankruptcy make final settlement uncertain and will delay any payment for an undetermined amount of time. Schmidt announced the global settlement framework with Mallinckrodt Pharmaceuticals plc, which would resolve claims by 47 state attorneys general that the company's business and marketing practices contributed to the epidemic of opioid addiction the country is facing. The Ireland-domiciled company, which...

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AG Derek Schmidt announces settlement framework with generic opioid manufacturer

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