7 Burst results for "Dan Polster"

"dan polster" Discussed on AP News

AP News

12:39 min | 1 year ago

"dan polster" Discussed on AP News

"Hi Mike Rossi a reporting 5 pharmacy chains failed to get opioid related lawsuits tossed lawsuits filed by 2 Ohio counties against pharmacy chain CVS Walgreens rite aid Walmart and giant eagle can continue U. S. district judge Dan Polster rejected a motion from the chains to dismiss the lawsuit ruling in Ohio law allows lake and Trumbull county's 2 filed nuisance claims the county's content of the opioid dispensing practices of the 5 chains flooded their communities with nearly 130000000 oxy code own and hydrocodone pills between 2000 and 2014 Polster is overseeing more than 2000 lawsuits filed by local governments tribal authorities and others against companies they blamed for fueling an opioid epidemic hi Mike Rossio

Mike Rossi Walmart Dan Polster Mike Rossio Ohio CVS U. S. Trumbull county oxy hydrocodone 5 chains
"dan polster" Discussed on AP News

AP News

12:39 min | 1 year ago

"dan polster" Discussed on AP News

"Hi Mike Rossi a reporting 5 pharmacy chains failed to get opioid related lawsuits tossed lawsuits filed by 2 Ohio counties against pharmacy chain CVS Walgreens rite aid Walmart and giant eagle can continue U. S. district judge Dan Polster rejected a motion from the chains to dismiss the lawsuit ruling in Ohio law allows lake and Trumbull county's 2 filed nuisance claims the county's content of the opioid dispensing practices of the 5 chains flooded their communities with nearly 130000000 oxy code own and hydrocodone pills between 2000 and 2014 Polster is overseeing more than 2000 lawsuits filed by local governments tribal authorities and others against companies they blamed for fueling an opioid epidemic hi Mike Rossio

Mike Rossi Walmart Dan Polster Mike Rossio Ohio CVS U. S. Trumbull county oxy hydrocodone 5 chains
Judge rejects pharmacy chains' bid to toss opioid suits

AP News Radio

00:45 sec | 1 year ago

Judge rejects pharmacy chains' bid to toss opioid suits

"Hi Mike Rossi a reporting five pharmacy chains failed to get opioid related lawsuits tossed lawsuits filed by two Ohio counties against pharmacy chain CVS Walgreens rite aid Walmart and giant eagle can continue U. S. district judge Dan Polster rejected a motion from the chains to dismiss the lawsuit ruling in Ohio law allows lake and Trumbull county's two filed nuisance claims the county's content of the opioid dispensing practices of the five chains flooded their communities with nearly one hundred thirty million oxy code own and hydrocodone pills between two thousand and twenty fourteen Polster is overseeing more than two thousand lawsuits filed by local governments tribal authorities and others against companies they blamed for fueling an opioid epidemic hi Mike Rossio

Mike Rossi Walmart Dan Polster Mike Rossio Ohio CVS U. S. Trumbull County Hydrocodone
Judge rejects pharmacy chains' bid to toss opioid suits

AP News Radio

00:45 sec | 1 year ago

Judge rejects pharmacy chains' bid to toss opioid suits

"Hi Mike Rossi a reporting five pharmacy chains failed to get opioid related lawsuits tossed lawsuits filed by two Ohio counties against pharmacy chain CVS Walgreens rite aid Walmart and giant eagle can continue U. S. district judge Dan Polster rejected a motion from the chains to dismiss the lawsuit ruling in Ohio law allows lake and Trumbull county's two filed nuisance claims the county's content of the opioid dispensing practices of the five chains flooded their communities with nearly one hundred thirty million oxy code own and hydrocodone pills between two thousand and twenty fourteen Polster is overseeing more than two thousand lawsuits filed by local governments tribal authorities and others against companies they blamed for fueling an opioid epidemic hi Mike Rossio

Mike Rossi Walmart Dan Polster Mike Rossio Ohio CVS U. S. Trumbull County Hydrocodone
"dan polster" Discussed on AP News

AP News

12:35 min | 1 year ago

"dan polster" Discussed on AP News

"Hi Mike Rossi a reporting a federal judge allows opioid lawsuits filed against pharmacy chains to continue a federal judge in Ohio has rejected a motion from 5 pharmacy chains to dismiss opioid related public nuisance lawsuits filed by 2 Ohio counties U. S. district judge Dan Polster ruled and Ohio law allows lake and troubled counties to sue CVS Walgreens rite aid Walmart and giant eagle the lawsuit alleges the pharmacy chains in the 2 counties bought a total of nearly 130000000 oxy code own and hydrocodone pills between 2000 and 2014 that would be roughly 200 66 pills for every week county resident and 320 pills for every trouble county resident during the 15 year period hi Mike Rossio

Mike Rossi Ohio Dan Polster Walmart Mike Rossio oxy hydrocodone 15 year
Judge rejects pharmacy chains' bid to toss opioid suits

AP News Radio

00:45 sec | 1 year ago

Judge rejects pharmacy chains' bid to toss opioid suits

"Hi Mike Rossi a reporting a federal judge allows opioid lawsuits filed against pharmacy chains to continue a federal judge in Ohio has rejected a motion from five pharmacy chains to dismiss opioid related public nuisance lawsuits filed by two Ohio counties U. S. district judge Dan Polster ruled and Ohio law allows lake and troubled counties to sue CVS Walgreens rite aid Walmart and giant eagle the lawsuit alleges the pharmacy chains in the two counties bought a total of nearly one hundred thirty million oxy code own and hydrocodone pills between two thousand and twenty fourteen that would be roughly two hundred sixty six pills for every week county resident and three hundred twenty pills for every trouble county resident during the fifteen year period hi Mike Rossio

Mike Rossi Ohio Dan Polster Walmart Mike Rossio Hydrocodone
"dan polster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:02 min | 1 year ago

"dan polster" Discussed on Bloomberg Radio New York

"In west coming up about the power a new development a massive opioid litigation we're joined by my colleague June Grasso to talk about the state of West Virginia may be going its own way but first let's get a market check with Charlie and I think very much David Westin happy we have a Wednesday to you we have got the Dow the S. and P. and nasdaq at or near the best level of the day the Dow up right now by eight hundred twenty two points that is a gain of three point two percent S. and P. of eighty eight a gain of two point nine percent and nasdaq up two hundred and forty points higher by two point eight percent U. S. stocks rebounding as investors digest a surprise in the presidential primary also weighing the potential for more of a concerted effort by the world's largest economies to tackle the fallout from corona virus S. and P. again up eighty seven up by two point nine percent tenure of three thirty seconds he'll be holding below one percent point nine eight percent gold up one tenth of one percent higher by a dollar ninety Beyonce at sixteen forty two and West Texas intermediate crude up two tenths of one percent forty seven twenty six apparel despite everything that's gone on this week's surprise rate cut primary election we have also got a jobs report out on Friday today we learned private payrolls registered the largest two month gain in almost two years now with that story here's Bloomberg's rooted LG di separate jobs gained one hundred eighty three thousand that's on top of January's two hundred nine thousand significant strength in data from payroll provider ADP however this trend could act if the corona virus outbreak intensifies the government issues its monthly employment report on Friday economists are forecasting for a brief stop was rate will hold their half century low down July school board radio General Electric is standing by its annual financial forecasts despite a first quarter blow from the corona outbreak a corona virus outbreak that has disrupted supply chains and hurt business activity worldwide she shares lower now by three tens of one of one percent after the bell we will be hearing from cosco recapping S. and P. up eighty seven a gain of two point nine percent that's a Bloomberg business slash balance of power continues once again here's your host David Westin thank you so much Charlie palace nationwide attempts to settle the thousands of suits arising from the opioid deaths may be taking something of a detour with news of the state of West Virginia is close to cutting a separate deal involving payment about one point two five billion dollars for liability to it alone take us through it we welcome now my colleague June Grasso and preserve Michael knoll of the university of Pennsylvania where he's co director of the center for tax law and policy so explain what's going on here for certain all that which appears that there were no there's a nationwide attempt just make settlement they haven't gotten it done yet diverse numbers around but now West Virginia wants to break up on its own right just for the record I'm David all at record no problem what's happening here is there's been a major litigation over the opioid crisis unfolding mostly in federal court in Cleveland and that litigation has been driving that a national settlement of claims that drug manufacturers and distributors and pharmacy is you didn't comply with their legal obligations and distributing opioids the assumption has always been that that would lead to a national global settlement and what happened yesterday is that West Virginia cities and counties in West Virginia have announced that they've reached a side deal with the same defendants to resolve essentially all of the liability arising out of West Virginia in a deal that separate from what's happening in the federal case sources because we think West Virginia to get things get a better deal on its own was because the other they could stage a basically said they want to cut West Virginia out because they were making some bad deals well we're west Virginia's into a funny position because it's previously so settled cases against the major distributors and so when the distributors have made settlement offers they've excluded West Virginia from that so it was serving as always sort of been but you know it has to state as if this is sort of a place where we we look to see how the cases are going but West Virginia thinks is going to do better with its own settlement for sure otherwise it wouldn't be agreeing to this why are the drug manufacturers agreeing to this when if it seemed as if West Virginia is in the global settlement is forced to be in the global settlement they'll fare fare better from the manufacturer's perspective and they think that they're gonna get away with less that you know both sides think they're getting something from the deal from West Virginia thinks it's doing better than it would do under the formula that's going to come out of the federal litigation the manufacturers think that you know they've been removing West Virginia liability it is it is attractive for them so that both sides seem to gain and really I think that's because it allows you to take the West Virginia climbs off the table right it is settling out part of the litigation and leave me in the most of it out to be resolved in the federal case I'm curious about one thing according to Bloomberg news story none of the one point two two five billion dollars would go toward attorneys fees who would be paying the attorney's fees where would they be coming from so they're gonna come from the defendants but the the way they've dealt with us is that the attorneys negotiating settlement have agreed to to have the attorneys fees set by the West Virginia court so what would happen is that there's a hundred there's one point two five billion dollars that's guaranteed to go to the settling in cities and local governments and then following that they'll be a separate application to the West Virginia court to set the amount of attorneys fees it's a way of putting off what has been one of the most contentious issues in these cases and what they do in the sense of what the overall price tag is right now on the national settlement I'd seen numbers raging from something like eighteen billion dollar to forty billion sure so there is a forty eight billion dollar settlement that was put together by four state attorneys general last year which was rejected by the local governments who are in the federal case in Cleveland so the thought is that any settlement eventually right the aggregate amount will be north of that but we're still you know apart from the attorneys are in the room negotiating these things people on the outside really don't have a a good idea of what the kids are going to settle for the Attorney General of West Virginia had as you mentioned before had previously reached deals with pharmaceutical wholesalers and distributors did he not get enough in those deals because compared to what Ohio's gotten in just two counties it seems thank you baby but did not bargain as much as you should have yeah I mean the account in the hi hoga county right the deal you know your friend who was agree to write on the eve of the first bellwether trial and the Cleveland multi district litigation and they got two hundred fifty million dollars which compares extremely favorably to what Attorney General Morrisey has gotten and a lot more bargaining leverage because because that was the first major federal test case that was set for trial using maybe you have to in these mass torts is it better to wait to see what shakes out before you start making settlements I mean everybody always thinks that they have the best at is wasted interesting is that at some point both sides are going to come together and reach a reasonable solution what's the time frame all the siege and yesterday so the next big kids to go to trial is in New York it's going to be in Nassau County those are claims by New York state against the same group of defendants and there will be intense settlement negotiations leading up to that trial in the federal case Dan Polster the judge is overseeing that case has started sending test cases back to cities where they were originally filed and those are gonna start to be tried over the fall so as those cases near trial that's when settlement negotiations will really heat up and we can expect to see big developments in the case I remember when I first started reading about the judges you know what was before him it seems like I'm a massive task for him judge Polster it it it's it it's easily the most complex litigation of our generation people compare it compare it to the tobacco cases where state attorneys general negotiated a massive settlement with tobacco companies back in the nineties but in contrast to that here you have local governments states and some private parties all trying to negotiate a deal some manufacturers are in bankruptcy like Purdue pharmaceuticals others have yet to enter bankruptcy or can't realistically enter bankruptcy is just a massively challenging legal problem sounds Vasilis challenge the card is used this project confusing okay many thanks now to my colleague June Grasso and also the law professor David knoll of Rutgers and not Michael no all right I should know my own name should not David okay coming up Israeli prime minister Bibi Netanyahu appears to be moving forward to form a coalition that's the coalition's gonna need if you want to continue in office we talk with president of Waxman of UCLA that's next on balance of power on Bloomberg radio Hey y'all Jeff Foxworthy here now if you've ever found yourself repeating the same thing over and over for seventy five years Hey this is Jay Farner CEO of quicken loans quicken loans is celebrating our best quarter ever and now we're celebrating some.

June Grasso West Virginia Charlie David Westin