Opioid maker Mallinckrodt to pay $24M to settle lawsuits in two Ohio counties
Mallinckrodt said on Friday it had agreed to pay $24 million in cash to two counties in Ohio, to settle lawsuits related to an ongoing multidistrict opioid litigation in the United States.
The development comes as opioid makers in the country face a string of lawsuits seeking to hold them responsible for fueling the opioid addiction crisis.
Last month, Endo International Plc agreed to pay $10 million and Allergan Plc agreed to pay $5 million to the same two Ohio counties, Cuyahoga and Summit, to avoid going to trial in October. Allergan has since confirmed its settlement.
Shares of Mallinckrodt were up nearly 16% at $1.84 in afternoon trading.
Read more: https://www.unionleader.com/news/courts/opioid-maker-mallinckrodt-to-pay-m-to-settle-lawsuits-in/article_a17331f0-baf9-59bf-a10f-5ec799b6f80d.html
