Four of the largest U.S. corporations have agreed to pay roughly $26 billion to settle a tsunami of lawsuits linked to claims that their business practices helped fuel the deadly opioid crisis.
Johnson & Johnson, the consumer products and health giant that manufactured generic opioid medications, will contribute $5 billion to the settlement…
Three massive drug wholesalers — AmerisourceBergen, Cardinal Health and McKesson — will pay a combined $21 billion.
North Carolina state Attorney General Josh Stein, who helped negotiate the deal…noted that most of the funds are earmarked for health care and drug treatment programs designed to ease the opioid crisis.
“There will be people alive next year because of the programs and services we will be able to fund because of these settlement proceeds,” he said.
None of the companies acknowledged any wrongdoing.
Of course not. That’s not the American Way of dealing with corporate guilt.