teva-agrees-to-settle-opioid-lawsuits-for-as-much-as-$4.25-billion

Teva Agrees to Settle Opioid Lawsuits for as Much as $4.25 Billion

States, localities and tribes must ratify deal, which would settle suits alleging drugmaker promoted opioid painkillers without warning about addiction risks

Teva Pharmaceutical, which is based in Israel, said the proposed agreement will include no admission of wrongdoing. Photo: Kobi Wolf/Bloomberg News

Updated July 26, 2022 8:46 pm ET

Teva Pharmaceutical Industries Ltd. said it reached a national settlement agreement worth up to $4.25 billion to resolve thousands of lawsuits over its alleged role in the opioid crisis.

The proposed settlement is the latest move by a company seeking to resolve the costly litigation.

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