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Teva’s New York Opioid Liability Climbs To $523m With Settlement Deal

President And CEO Kåre Schultz: ‘We Are Quite Satisfied With Outcome’

 
• By Dean Rudge

Teva is on the hook to pay more than $300m to New York state over the next 18 years, in addition to $210m in damages already agreed under its proposed nationwide settlement deal, after settling claims with the New York Attorney General.

Brian Overcast/Alamy Stock Photo
Teva had lost a jury trial in new york • Source: Shutterstock (Brian Overcast / Alamy Stock Pho/Alamy Stock Photo)

Teva has agreed to pay a $313.3m premium to the US state of New York after reaching an agreement with the Attorney General settling the state’s and its subdivisions’ opioid-related claims.

The proposed deal takes the Israeli firm’s total potential liability in New York to $523m, considering the $210

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