The British consumer goods company, Reckitt Benckiser, has agreed to pay $1.4 Billion in a recent Opioid Settlement, which is the largest settlement related to the Opioid Crisis in U.S. history to date. Healthcare Chair Harry J. Nelson was interviewed by the Financial Times to weigh in on this new development.
This recent settlement is not the first in a series of opioid crisis litigation resolutions. Purdue Pharma agreed to pay $270 Million to the state of Oklahoma in March 2019, and the founding and four former executives of Insys Therapuetics were convicted for opioid racketeering in May 2019.