The sprawling opioid litigation confronting drug makers and distributors is likely to take years to resolve, but cost less than the infamous lawsuits that were filed against Big Tobacco and, not surprisingly, will hurt some companies more than others, a new credit analysis suggests.
For the moment, the litigation is still in the early stages and the first trials are not scheduled until September 2019. But despite the uncertainty, any potential settlement is expected to be “considerably lower” than the $206 billion deal reached with the four largest U.S. cigarette makers in 1998, according to analysts at S&P Global Ratings.
Why? There are several reasons.
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These law suits are only geared to put money in the governments and lawyers pockets. How many families of the suits against the cigarette companies did actual people that lost their families to smoking get any money from the lawsuits. My father died from lung cancer and we didn’t get a dime. This is all about the government and lawyers taking in as much money as they can. It isn’t about the addicts, it is all about government greed.