Publication Archive: Opioid Crisis

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Law360 Quotes Salvatore Badala on NY Opioid Litigation

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Source: Law360
The New York attorney general and two Long Island counties will take their suit over the deadly opioid crisis before a jury in January in what could be the second state trial over the epidemic. “Nassau County is excited for their day in court and they look forward to having these defendants in court starting…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

Hunter Shkolnik on OxyContin manufacturer’s Million Mansion

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Source: Daily Mail
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

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 on Sackler Family’s Mansion Near Boca Raton

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Source: Palm Beach Post
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

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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