Tag: settlement

Rio de Janeiro will accept Bitcoin for property tax settlement in 2023

From the beginning of 2023, residents of Rio de Janeiro will be able to pay taxes using the cryptocurrency Bitcoin (BTC). In particular, it is about the territorial land tax (IPTU). The introduction of this feature was announced at the local event Carioca Cryptoactivity. This event is dedicated to t...

DOJ Moves to Stop Opioid Bankruptcy Settlement

The U.S. Department of Justice (DOJ) has appealed to the U.S. Supreme Court to stop the bankruptcy settlement of Purdue Pharmaceuticals and its former owners, the Sackler family. The DOJ argues that the settlement unfairly protects the Sackler family from lawsuits seeking to assign liability. Aft...

TX AG Reaches $340 Million Opioid Settlement

Texas Attorney General (AG) Ken Paxton has announced a $340 million opioid settlement with the pharmaceutical chain Walgreens. In its press release, the office of the AG notes that this brings the total settlement amount to $2.91 billion. According to the settlement agreement, $115,910,675 of the...

San Francisco Closes $230 Million Opioid Settlement

The City Attorney’s Office for the city of San Francisco has reached a settlement of over $230 million with the lone remaining defendant of its litigation. The settlement with the pharmacy chain Walgreens marks the end of more than five years of litigation for San Francisco City Attorney David...

CVS & Walgreens Issue Preliminary Opioid Settlement of $10 Billion

The two largest drugstores in the country, CVS Pharmacy and Walgreens, have issued preliminary deals worth a combined total of over $10 billion to settle thousands of lawsuits filed over their alleged failure to curb sales of prescription narcotics, according to Law360. According to plaintiffs, p...