Publication Archive: Hunter Shkolnik

Teva Pharmaceutical Industries Ltd.’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. The deal is “overvalued to make the settlement look better,”…Read the article

In 2017 Ohio was ranked second in the nation for overdose deaths involving opioids. More than 4,000 people died that year from overdoses. It’s why hundreds of Ohio cities and counties are now part of lawsuits against the largest drug manufacturers and pharmacies. Pharmacy chains will likely face an October 2020 trial for their alleged…Read the article

In U.S. District Court for the Northern District of Ohio, the National Prescription Opiate Litigation is a collection of more than 2,500 lawsuits against manufacturers and others in the drug industry for their alleged roles in the opioid crisis. The judge set a November 22 deadline for jurisdictions to opt out of a Negotiating Class.…Read the article

Members of the Sackler family, owners of Oxycontin-maker Purdue Pharma, are buying a sprawling home in Palm Beach County for $7.4million – months before the family business files for bankruptcy. The purchase took place shortly before Purdue Pharma filed for Chapter 11 protection in a bid to resolve 2,600 opioid lawsuits pending against the company.…Read the article

As opening statements were about to be made Monday morning in the first Cleveland Federal Court trial in the Nationwide Opioid litigation brought on behalf of more than 2000 cities in counties against drug manufacturers, distributors, and retail pharmacy chains, the bellwether plaintiffs (Cuyahoga and Summit County, Ohio) announced a settlement with McKesson, Amerisource Bergan,…Read the article

Members of the Sackler family, owner of OxyContin maker Purdue Pharma, are living near Boca Raton in a sprawling mansion bought for $7.4 million. The purchase is the second real estate investment by the Sacklers in Palm Beach County, a ground zero in the nationwide opioid crisis. The property purchases in Palm Beach County, the…Read the article

Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. In interviews with Reuters, lawyers representing local governments in the…Read the article

Following a major settlement in Ohio this week, California counties could be a step closer to getting the drug industry to pay for damages associated with the opioid epidemic. The nation’s three biggest drug distributors and a major drugmaker reached an 11th-hour, $260 million settlement over the toll of the opioids in two Ohio counties,…Read the article

Lead lawyer for Cuyahoga County Hunter J. Shkolnik, partner at Napoli Shkolnik of New York City, said the funds from the case will be used entirely for treatment. “What’s significant is we have brought to Cuyahoga County and my co-counsel with respect to Summit County money now, significant money now, and also it set a…Read the article

When Teva announced the value of the donated medicine, a generic version of opioid addiction treatment Suboxone, it based the figure on the drug’s list price, which does not account for significant discounts routinely provided by the drugmaker. If based on the estimated cost to manufacture the drugs, the value could be as low as…Read the article