Publication Archive: Ohio Opioid Lawyers

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Hunter Shkolnik Comments on Proposed Opioid Settlement

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Source: Daily Stock Dish
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

Hunter Shkolnik Discusses Opioid Global Settlement Potential

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Source: Cleveland19
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

PNS QuotesHunter Shkolnik on Federal Opioid Class

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Source: Public News Service
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

Hunter Shkolnik Discusses Teva’s $23 Billion Offer

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Source: Legal Reader
Teva Pharmaceutical Industries Ltd.’s proposed $23 billion drug giveaway over it’s suggesting to settle the opioid lawsuits against it will likely cost the company a fraction of that figure, according to industry experts. When Teva announced the value of the donated medicine – a generic version of opioid addiction treatment Suboxone – it based the…Read the article

Opioid Manufacturer and Distributors Reached Settlement

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Source: TN Town News
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

Hunter Shkolnik Quoted on Possible Overvalued Settlement

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Source: The Jerusalem Post
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

Opioid Settlement Could Set Precedent for California Cases

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Source: KBCX FM Radio
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

Cuyahoga, Summit counties’ $260 million opioid settlement

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Source: ClevelandJewishNews.com
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

Reuters Quotes Hunter Shkolnik on Teva Deal

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Source: haaretz.com
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

CNBC Quoted Hunter Shkolnik on $23 billion drug giveaway

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Source: CNBC
In interviews with Reuters, lawyers representing local governments in the opioid litigation said the figure proposed by Teva inflates the real value of the drugs. They said the proposal will not be enough to address a nationwide addiction crisis that has claimed some 400,000 lives over the last two decades. The deal is “overvalued to…Read the article
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