Johnson & Johnson will pay up to $5bn over nine years and the three largest US distributors – Cardinal Health, Inc., McKesson Corp., and AmerisourceBergen Corporation – will pay up to $21bn over the next 18 years to resolve claims by state and local governments they helped fuel the opioid epidemic under an agreement with state attorneys general.
But the deal, which would be the second largest in US history after the tobacco industry settlement, depends on a critical mass of states, municipalities and counties signing on to...