Johnson & Johnson settles New York opioid lawsuit for $230 million [View all]

Johnson & Johnson (J&J) has settled an opioid lawsuit with the state of New York for $230 million days before the company was set to be put on trial.

New York Attorney General Letitia James (D) announced the settlement on Saturday, saying the payments would be given over a nine-year period.

The payment plan depends on multiple factors including if new legislation is signed into law creating an opioid settlement fund.

Along with the cash settlement, J&J also must leave the opioid business across the country and no longer manufacture or sell opioids in New York, James said.

https://www.msn.com/en-us/news/politics/johnson-johnson-settles-new-york-opioid-lawsuit-for-230-million/ar-AALtDKw