AG: Opioid maker Teva agrees to up to $4.25 billion settlement
Vermont Business Magazine The Vermont Attorney General’s Office has reached an agreement in principle on key financial terms with opioid maker Teva, which would provide up to $4.25 billion to participating states and local governments. While critical details of the settlement remain the subject of ongoing negotiations, Teva disclosed the key financial terms in its earnings announcement yesterday. The Attorney General’s Office has been fighting to hold industry accountable for its role in promoting and profiting from the opioid crisis since 2017, when the Office began investigating opioid manufacturers and distributors. Since then, the Office has negotiated over $100 million in opioid settlements for Vermont.