Title
RESOLUTION of the City of San Leandro City Council approving and authorizing the City of San Leandro to enter into Settlement Agreements with McKesson Corporation, Cardinal Health, Inc. Amerisource Bergen Corporation, Johnson & Johnson, Janssen Pharmaceuticals, Inc. Orhto-McNeil-Janssen Pharmaceuticals, Inc., and Janssen Pharmaceuticals, Inc. to Participate and Receive Settlement Funds Derived From Multi-District Litigation in Cooperation with the California Attorney General
Body
WHEREAS, the United States is facing an ongoing public health crisis of opioid abuse, addiction, overdose, and death. The State of California and California local governments spend millions of dollars each year to address the direct consequences of this crisis; and
WHEREAS, since 2017, state and local governments in California and around the United States have been pursuing litigation against certain manufacturers, distributors, and retailers of opioid pharmaceuticals (the "Opioid Defendants") in an effort to hold the Opioid Defendants financially responsible for the impact of the Opioid Epidemic; and
WHEREAS, negotiations to settle claims against several of the Opioid Defendants, specifically McKesson Corporation, Cardinal Health, Inc., AmerisourceBergen Corporation, Johnson & Johnson, Janssen Pharmaceuticals, Inc., Ortho-McNeil-Janssen Pharmaceuticals, Inc., and Janssen Pharmaceutical, Inc. (the "Settling Defendants") have been ongoing for several years; and
WHEREAS, negotiations with the Settling Defendants have resulted in proposed nationwide settlements of state and local government claims to settle the litigation; and
WHEREAS, the proposed terms of those proposed nationwide settlements have been set forth in the Distributors Master Settlement Agreement and the J&J Master Settlement Agreement (collectively "Settlement Agreements"); and
WHEREAS, the Settlement Agreements provide, among other things, for the payme...
Click here for full text