2 drug companies to pay $260M after jury finds them liable for city's opioid crisis [CBS News]
Cencora, Inc. (COR)
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Source: CBS News
Jury deliberations began on Friday, Nov. 8, and concluded Tuesday afternoon. Following a six-week trial, the jury decided drug distributors McKesson and AmerisourceBergen would split the $266 million payment. During the trial, lawyers for the city argued that the two companies focused more on profit than public health and alleged the companies shipped millions of opioid pills into the city, ignoring their addictive properties. The oversupply of pills led residents to turn to more potent drugs like fentanyl and heroin, the city argued. The companies, on the other hand, argued they acted within their rights by selling approved painkillers to licensed pharmacies. During the trial, both companies denied any responsibility for any illegal drug trade. Lawyers for the city previously called this case the biggest and most important in Baltimore's history, The Baltimore Banner reported Featured Local Savings
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News
- CENCORA PRIVACY BREACH CLASS ACTION [Yahoo! Finance]Yahoo! Finance
- $250B Cencora Names Pawan Verma Chief Data And Information Officer [Forbes]Forbes
- Antacids Market to Grow by USD 692.3 Million (2024-2028), Driven by Rising Geriatric Population, AI-Powered Report Explores Market Evolution - Technavio [Yahoo! Finance]Yahoo! Finance
- Baltimore wins $266 million in opioid case against distributors [Yahoo! Finance]Yahoo! Finance
- Baltimore wins $266 million in opioid case against distributors [Yahoo! Finance Canada]Yahoo! Finance Canada
COR
Earnings
- 11/6/24 - Beat
COR
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 144
- 11/14/24 - Form SC
- COR's page on the SEC website