Oregon Could Get $38.3 Million as Albertsons Moves to Settle Opioid Claims

Although not finalized, an agreement in principle has been reached to settle a multi-million-dollar lawsuit regarding Albertsons’ conduct as a pharmacy chain when dispensing opioids during the height of the COVID-19 crisis.

Making the announcement, Attorney General Dan Rayfield states that Oregon will receive up to $38.3 million for its role in the multi-state negotiations for Albertsons’ role in the opioid epidemic.

Tidings Data Snapshot
Albertsons Opioid Settlement By The Numbers
$773M
Total proposed nationwide settlement
$38.2M
Maximum Oregon share
9 years
Time period for Oregon payments
$655M
Abatement fund for states and local governments

Sources: Oregon Department of Justice / California Department of Justice Albertsons settlement releases
Dailytidings.com

 

The Money Will Fund Addiction Treatment and Recovery Programs

The money will be paid over nine years and will fund addiction treatment and recovery programs across the state.

Rayfield states that while the parties have agreed to the total dollar settlement, negotiations are ongoing regarding injunction relief concerning the conduct changes that will govern how Albertsons operates its pharmacies in the future.

Tidings Insight
An agreement in principle is not a finished settlement. The dollar terms are set, but pharmacy conduct rules are still being negotiated before the deal becomes final.

A total of $655 million will be channeled into an abatement fund, from which states and local governments can obtain funds for opioid recovery efforts.

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