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Pharmacies ordered to pay $650.6 million to Ohio counties in opioid case

By Brendan Pierson and Dietrich Knauth (Reuters) - Pharmacy operators CVS, Walmart (NYSE:WMT) and Walgreens must pay a combined $650.6 million to two Ohio counties to address the...
Pharmacies ordered to pay $650.6 million to Ohio counties in opioid case © Reuters. FILE PHOTO: Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston

By Brendan Pierson and Dietrich Knauth

(Reuters) - Pharmacy operators CVS, Walmart (NYSE:WMT) and Walgreens must pay a combined $650.6 million to two Ohio counties to address the damage done by the opioid epidemic, a federal judge ruled Wednesday.

The order by U.S. Judge Dan Polster in Cleveland comes after the first trial pharmacy chains have faced over the opioid crisis. The pharmacies did not immediately respond to requests for comment.

A jury in Cleveland federal court last November concluded that the pharmacy chains helped create a public nuisance in Lake and Trumbull counties in the form of an oversupply of addictive pain pills, many of which found their way onto the black market. Polster held a separate non-jury trial earlier this year to decide the amount they must pay.

The U.S. opioid epidemic has caused more than 500,000 overdose deaths over two decades, according to government data. More than 3,300 opioid lawsuits have been filed nationally against drugmakers, distributors and pharmacy chains, leading to a recent wave of proposed settlements.

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29-03-2024 19:16:03 (UTC+7)

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    EUR/JPY 163.23 ↑ Sell  
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    Gold 2,254.80 Buy  
    Silver 25.100 ↑ Buy  
    Copper 4.0115 ↑ Buy  
    Crude Oil WTI 83.11 ↑ Buy  
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    US Coffee C 188.53 ↑ Sell  
    Euro Stoxx 50 5,082.85 ↑ Sell  
    S&P 500 5,254.35 ↑ Sell  
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    FTSE 100 7,952.62 ↑ Sell  
    Hang Seng 16,541.42 Neutral  
    Small Cap 2000 2,120.15 Neutral  
    IBEX 35 11,074.60 ↑ Sell  
    BASF 52.930 ↑ Buy  
    Bayer 28.43 Buy  
    Allianz 277.80 ↑ Buy  
    Adidas 207.00 ↑ Buy  
    Lufthansa 7.281 ↑ Sell  
    Siemens AG 176.96 ↑ Buy  
    Deutsche Bank AG 14.582 ↑ Buy  
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