Texas AG Announces $63M Settlement with Drugmaker Endo
Texas AG Announces $63M Settlement with Drugmaker Endo
Texas AG Ken Paxton has announced that Dublin-based Endo International Plc has agreed to pay $63 million to resolve claims by the state of Texas and local governments that it took part in fueling the nationwide opioid epidemic. The deal announced by Texas Attorney General Ken Paxton marked the latest in a series of settlements that Endo has struck over the past few months with state and local governments to resolve similar claims. Texas' settlement includes clauses for an Endo bankruptcy.According to Texas AG Paxton’s office, the settlement requires the drugmaker to pay into the Texas State Qualified Settlement Fund. It also prohibits the company from requiring the global deal to be finalized before paying in or asking for any rebated or reductions to the proposed amount."This settlement is a necessary step in the right direction, and we will continue to fight to heal our state from this devastating crisis," Paxton said.
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Sources:
Drugmaker Endo strikes $63 million opioid settlement with TexasAttorney General Ken Paxton secures $63 million opioid settlementAlabama Settles Addiction Case Against Endo, Negotiating with McKessonCalifornia State Court Issues Tentative Ruling in Endo's Favor Following Opioid Trial
About Sara E. Teller
Sara is a credited freelance writer, editor, contributor, and essayist, as well as a novelist and poet with nearly twenty years of experience. A seasoned publishing professional, she's worked for newspapers, magazines and book publishers in content digitization, editorial, acquisitions and intellectual property. Sara has been an invited speaker at a Careers in Publishing & Authorship event at Michigan State University and a Reading and Writing Instructor at Sylvan Learning Center. She has an MBA degree with a concentration in Marketing and an MA in Clinical Mental Health Counseling, graduating with a 4.2/4.0 GPA. She is also a member of Chi Sigma Iota and a 2020 recipient of the Donald D. Davis scholarship recognizing social responsibility. Sara is certified in children's book writing, HTML coding and social media marketing. Her fifth book, PTSD: Healing from the Inside Out, was released in September 2019 and is available on Amazon. You can find her others books there, too, including Narcissistic Abuse: A Survival Guide, released in December 2017.