Oklahoma judge approves Teva's $85 million opioid settlement

FILE PHOTO: The logo of Teva Pharmaceutical Industries, Tel Aviv, Israel, February 19, 2019. REUTERS/Amir Cohen/File Photo

(Reuters) – An Oklahoma judge on Monday approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd resolving claims by the state’s attorney general that the drugmaker helped fuel the U.S. opioid epidemic.

The decision by Cleveland County District Judge Thad Balkman in Norman, Oklahoma came after the state’s attorney general, governor and top lawmakers reached an agreement that resolved a dispute over how the money should be deposited and spent.

Reporting by Nate Raymond in Boston; Editing by Bill Berkrot

Our Standards:The Thomson Reuters Trust Principles.
source: reuters.com