Law360 Quotes Hunter Shkolnik on $48B Opioid Deal
October 22, 2019
A rapid outburst of opposition to a $48 billion “settlement framework” in opioid-crisis litigation unveiled Monday by four state attorneys general may signal a shift to local governments and states fighting not only with drug companies but also with each other.
The backlash from plaintiffs lawyers in the opioid multidistrict litigation and at least one other state attorney general emerged immediately as the attorneys general of Texas, Tennessee, North Carolina and Pennsylvania announced a $48 billion settlement framework with Cardinal Health Inc., McKesson Corp., AmerisourceBergen Corp., Teva Pharmaceuticals and Johnson & Johnson.
“It’s the deal that we all rejected” on Friday, said Hunter Shkolnik of Napoli Shkolnik PLLC, referring to the early reaction when the framework’s details leaked last week. “That deal is dead on arrival.”