Beasley Allen announced a $220 million settlement with opioid distributors Cardinal Health and Cencora (formerly AmerisourceBergen) to resolve the opioid crisis litigation in Alabama on Thursday.
The State of Alabama has settled with two opioid distributors, resolving litigation for their roles in the state’s opioid crisisMONTGOMERY, Ala. - Beasley Allen announced a $220 million settlement with opioid distributors Cardinal Health and Cencora to resolve the opioid crisis litigation in Alabama on Thursday.
The terms of the agreement call for Cardinal and Cencora to pay $220 million in abatement funds over ten years instead of the maximum of $180 million over 18 years offered in federal multidistrict litigation. As in previous opioid settlements, the State will share the settlement funds with local governments and public hospitals. The State’s portion of the settlement funds will be deposited directly into the State’s General Fund.
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Alabama Settles with Opioid Distributors for $220 MillionThe State of Alabama has reached a $220 million settlement with opioid distributors Cardinal Health and Cencora to resolve the opioid crisis litigation. The settlement funds will be paid over ten years and will be used for opioid abatement. Local governments and public hospitals will also receive a portion of the funds.
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