The Wall Street Journal: Opioid makers cleared of liability in California lawsuit

A California judge cleared four drugmakers of liability after a monthslong trial accusing the companies, including Johnson & Johnson
JNJ,
+0.09%

and Endo International PLC
ENDP,
+8.94%
,
of causing widespread opioid addiction in the state.

The ruling, issued late Monday in Superior Court in Orange County, is a rare win for drug companies that make and distribute prescription painkillers in yearslong litigation seeking to blame them for the opioid epidemic.

The California lawsuit, filed in May 2014, was one of the first of thousands of similar actions filed by states, local governments and Native American tribes. The litigation broadly alleges that drugmakers manufactured powerful painkillers too broadly and that distributors didn’t do enough to halt shipments that went beyond communities’ medical needs.

The governments have been seeking to win money to use on social services to address the harms of opioid addiction and to fund first responders. The four plaintiffs in the California case—the counties of Orange, Santa Clara and Los Angeles and the city of Oakland—had hoped to be awarded billions of dollars.

Judge Peter Wilson said his conclusions address “the question of liability based on the evidence in this trial, and are in no manner intended to ignore or minimize the existence and extent of the ongoing opioid crisis.”

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

The forces behind Biden’s problems: Four parties, zero trust.

Farewell offshoring, outsourcing. Pandemic rewrites CEO playbook.

This post was originally published on Market Watch

Share:

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…

Latest News

Daily News on Investing, Personal Finance, Markets, and more!

Financial News

Financial News

Daily News on Investing, Personal Finance, Markets, and more!