Carson City, NV (KXNT) - Nevada Attorney General Aaron D. Ford announced on Wednesday that Nevada has reached a settlement with Walgreen’s regarding that company’s role in the opioid epidemic.
The settlement, announced at a press conference in Las Vegas on Wednesday, will bring in a total of $285 million to Nevada. By settling with Walgreen’s, the last of the defendants in the state’s opioid litigation, AG Ford has brought in over $1.1 billion for the mitigation of the opioid crisis in Nevada.
After litigation costs and fees, the state will retain $98,125,784.95, which will be placed in the Fund for Resilient Nevada, and the signatories of the One Nevada Agreement will receive $116,172,431.49.
Previously, the state, along with all Nevada counties and cities that currently have active litigation against opioid companies, came to an agreement on the intrastate allocation of funds from opioid-related recoveries. This One Nevada Agreement on Allocation of Opioid Recoveries provides a framework for how funds from any Nevada opioid-related settlement will be fairly and equitably allocated among the state and various local governmental entities and used to remediate the harms, impact and risks caused by the opioid epidemic in the state.