REUTERS: Johnson & Johnson said on Tuesday it will contribute up to US$1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing its total payment to US$5 billion.
Negotiations have been ongoing since then, and the dollar amounts have been shifting. J&J in a statement said the additional US$1 billion reflected continued negotiations and said additional terms are being finalized. "We are hopeful other companies defending the numerous litigations will see the wisdom of this step forward," he said.Representatives for the distributors and several state attorneys general did not respond to requests for comment.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J&J to contribute up to US$5 billion to potential opioid settlementJohnson & Johnson on Tuesday said it will contribute up to US$1 billion more to a potential settlement of lawsuits alleging it and other companies ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US$5 trillion investor group sets tougher portfolio carbon targetsThirty of the world's largest investors managing a combined US$5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US$5 trillion investor group sets tougher portfolio carbon targetsThirty of the world's largest investors managing a combined US$5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
J&J to contribute up to US$5 billion to potential opioid settlementJohnson & Johnson on Tuesday said it will contribute up to US$1 billion more to a potential settlement of lawsuits alleging it and other companies ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Chinese regulatory probe delays approval for Ant's IPO, sources sayChina's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned US$35 billion stock listing, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US$5 trillion investor group sets tougher portfolio carbon targetsThirty of the world's largest investors managing a combined US$5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »