Attorney General Raoul Announces Opioid Settlements With Teva, Allergan, CVS And Walgreens
CHICAGO - Attorney General Kwame Raoul, today announced a bipartisan set of settlements worth $17.3 billion as a result of agreements with drug makers Teva and Allergan, and pharmacies CVS and Walgreens. Following successful state sign-on and subdivision sign-on periods, the companies committed to the deals and will start releasing funds to states later this summer. As a result of the settlements negotiated by Raoul’s office, Illinois will receive approximately $518 million over 15 years. National investigations and litigation against the pharmaceutical industry over the opioid crisis have led to more than $50 billion in settlements with Illinois’ share at more than $1.3 billion. “I am proud of the bipartisan work that has resulted in this $17.3 billion set of settlements with Teva, Allergan, CVS and Walgreens. These agreements build upon the important progress we’ve already achieved through previous settlements, as we continue working to hold responsible
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