Judge To Hear New Plan For Teva Settlement Money

There could be some progress in the state's opioid settlement with Teva Pharmaceuticals. Oklahoma state lawmakers and the attorney generals office have reached a new agreement on where that money should go. This is an $85 million settlement. In previous s

Monday, June 24th 2019, 7:48 am

By: Ashley Holden

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Judge To Hear New Plan For Teva Settlement Money

There could be some progress in the state's opioid settlement with Teva Pharmaceuticals.

Oklahoma state lawmakers and the attorney generals office have reached a new agreement on where that money should go.

This is an $85 million settlement.

In previous settlements, there's been controversy over where the money should end up. A new state law was eventually passed that directed the money into the state treasury.

In terms of this settlement with Teva, Judge Thad Balkman asked for further paperwork to make sure everything complied with the new law.

State leaders wanted the money to be put in the state treasury, but the AG's office said it should be put in escrow until after the ongoing trial with Johnson and Johnson finishes.

Eventually, former Oklahoma State Supreme Court Justice Steven Taylor was called in to help both sides reach an agreement.

News 9 was told state legislative leaders have reached a deal with the AG, and Chief Justice Taylor has submitted his report and recommendations.

Everything is expected to be presented to Judge Balkman for approval Monday.

Ashley Holden

Ashley Holden joined the News 9 team in June 2018. She's excited to call Oklahoma her new home. Before arriving at News 9, Ashley reported and anchored for three years at the NBC affiliate in Davenport, Iowa. While in the Quad Cities market, along the Ill

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