Lawyer Jeffrey B. Simon Secures $1.8 Billion Opioid Settlement for All Texans | Information

DALLAS, Feb. 21, 2022 /PRNewswire/ — Jeffrey B. Simon, a lead negotiator in Texas’ ongoing opioid multidistrict litigation (MDL), introduced that he and a committee of trial legal professionals, together with the Workplace of the Texas Lawyer Basic, have reached a historic $1.8 billion settlement for Texas. A $1.775 billion money award will reimburse native governments and the State of Texas and useful resource an intensive hurt discount program to fight the continued opioid epidemic. An extra $75 million of NARCAN® Nasal Spray, a life-saving drug that may reverse opioid overdose when administered in time, might be distributed throughout the state.

The settlements had been executed with a number of drug firms within the opioid provide chain: Johnson & Johnson, Endo Prescription drugs, McKesson Company, Cardinal Well being, Teva Prescription drugs and AmerisourceBergen. A few of the settlement monies have already been paid; others might be paid in keeping with an agreed schedule. 15 p.c of funds will go to the State of Texas, 15 p.c might be paid to particular person cities and counties all through Texas, and 70 p.c of the monies might be positioned in an abatement fund that’s managed by the Texas State Comptroller’s Workplace and distributed by grant approval by the Texas Opioid Council. Simon’s work has ensured that monies from settlements in opioid litigation might be used virtually solely to fund opioid-related efforts quite than be expended for unrelated or untargeted functions.

“This historic settlement supplies immense assist and hope for Texans affected by the opioid epidemic, and this end result was made attainable solely by holding pharmaceutical producers and distributors financially accountable for his or her misconduct in glutting Texas communities with prescription opioids in quantities far past any professional medical objective,” mentioned Simon. “These outcomes underscore how essential the civil justice system, and notably the correct to trial by jury, are in offering a possibility to treatment harms inflicted by highly effective industries upon atypical folks. Solely by the work of trial judges, their employees, and juries comprised of dedicated residents, will we as a group have a discussion board to resolve authorized disputes of this huge magnitude on their precise deserves. I’m additionally very gratified to see how trial legal professionals, healthcare professionals, and public servants throughout a broad political spectrum discovered true frequent objective and labored collectively on this decision course of on behalf of all Texans.”

About Jeffrey B. Simon

Jeffrey B. Simon is a lead negotiator in authorized proceedings that search to carry prescription opioid producers and wholesale distributors chargeable for their position within the nationwide opioid epidemic. He’s a founding accomplice of Simon Greenstone Panatier, PC, which makes a speciality of representing victims in complicated medical circumstances, and has been acknowledged repeatedly by his friends for his excellence in trial legislation. He has been named a Texas Tremendous Lawyer by Texas Month-to-month every year for 17 years in addition to an America’s High 100 Civil Trial Lawyer for 5 years, and at the moment co-chairs the Perrin Nationwide Opioid Litigation Convention. His podcast concerning the nationwide opioid disaster, “Outdoors Counsel,” will start airing in spring 2022. For extra data, go to www.jeffreybsimon.com.

Media Contact:

Alli Cooke, Lambert & Co.

704.953.3633

[email protected]  

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SOURCE Jeffrey B. Simon

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