NC counties, cities await at least $850 million from national opioid settlements

NC counties, cities await at least $850 million from national opioid settlements

Category: Personal Injury

More Info: Personal Injury Loans

As drug overdoses increase, North Carolina medical providers and community workers await long-expected settlement funds as part of landmark litigation against opioid manufacturers and distributors by states’ attorneys general for their role in a decades-long national opioid epidemic. 

OxyContin creator Purdue Pharma and nine attorneys general, not including North Carolina’s Josh Stein, are nearing a settlement expected to eclipse the original $4.3 billion agreed to last fall. Stein initially opposed the agreement before reversing his position last summer.

North Carolina is preparing to distribute at least $750 million from a $26.4 billion settlement reached in November between states and Johnson & Johnson, along with three distributors.

Another $100 million — if not more — will be decided in the coming days as nine states look to conclude negotiations with the Sackler family, which owns pharmaceutical giant Purdue Pharma. 

The company pleaded guilty to three federal criminal charges in November 2020, including conspiracy to defraud the government, after admitting to illegal kickbacks and pushing its highly addictive painkiller, OxyContin, to doctors suspected of writing illegal prescriptions.

Many experts point to the widespread abuse of OxyContin as a driver of the epidemic. More than 930,000 Americans died from fatal drug overdoses from 1999 to 2020, according to a study by the National Center for Health Statistics. Preliminary reports estimate an additional 100,000 overdose deaths in 2021.

From 2000-20, more than 28,000 people in North Carolina died from drug overdose, according to the N.C. Department of Health and Human Services.

Continue reading...

See the original article here:

About TriMark Legal Funding

TriMark Legal Funding was founded in 2003 and is one of America's leading national lawsuit funding companies. TriMark provides pre-settlement funding and post-settlement funding, sometimes called 'lawsuit loans', to injured plaintiffs throughout the United States. We offer funding on hundreds of different types of legal claims including personal injury loans, employment litigation funding, work injury accident loans, workers compensation loans, mass tort litigation funding, and multidistrict litigation funding.

We also provide immediate inheritance advance funding for heirs and beneficiaries, as well as attorney funding and law firm financing for legal practices.

Personal Injury Lawsuits Mass Torts

Click here to see the original article.

* Word-Use Disclaimer

Legal funding is not a loan. It is the non-recourse purchase of an equitable lien in a plaintiffs’ legal claim. Words such as ‘loans,’ ‘lender,’ 'interest', ‘borrower,’ and phrases such as 'lawsuit loans' and 'settlement loans' are used for relatability, search, and marketing purposes only.
More info

TriMark Legal Funding LLC
1056 Green Acres Rd #102
Eugene, OR 97408