Mallinckrodt Agrees to $30 Million Settlement in Ohio Opioid Litigation

wsj_logo.svg

Mallinckrodt PLC said it had tentatively agreed to a settlement package worth $30 million to resolve opioid-crisis lawsuits brought by two Ohio counties, allowing the drugmaker to avoid a landmark trial next month.

The company said Friday that it would pay $24 million in cash and provide $6 million worth of generic products, including those for addiction treatment, to Cuyahoga and Summit counties, home to cities including Cleveland and Akron. The counties are scheduled to go to trial against drugmakers and distributors next month in what is seen as a bellwether for allegations raised in some 2,000 lawsuits.

Close