$300 Million Opioid Settlement Reached with Drug Distributors and U.S. Health Plans

The three largest U.S. drug distributors have agreed to pay $300 million to resolve claims by health insurers and benefit plans that they helped fuel the deadly U.S. opioid epidemic, according to court papers filed on Friday.

The proposed class action settlement with McKesson Corp (MCK.N), Cencora Inc (COR.N), and Cardinal Health Inc (CAH.N), was disclosed in a filing, in federal court in Cleveland, Ohio, and requires a judge’s approval.

Read more at Reuters.