McKesson (MCK), AmerisourceBergen (ABC) and Cardinal Health (CAH) Announce $518M Opioid Settlement With Washington State

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Go back to McKesson (MCK), AmerisourceBergen (ABC) and Cardinal Health (CAH) Announce $518M Opioid Settlement With Washington State

Distributors Agree to Opioid Settlement With Washington State

May 3, 2022 7:35 AM EDT

CONSHOHOCKEN, Pa. & DUBLIN, Ohio & IRVING, Texas--(BUSINESS WIRE)-- AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH) and McKesson (NYSE: MCK) announced today that they have reached an agreement with the Washington Attorney General, under which the distributors will pay up to $518 million to the State of Washington and its participating subdivisions to resolve opioid-related claims. This amount is consistent with Washingtons allocation under the previously announced comprehensive agreement to settle the vast majority of the opioid lawsuits filed by state and local... More