Plain English Breakdown
The official source material does not provide specific details about the financial impact or settlement amounts between the state and local governments.
Opioid Settlement Companies
This bill adds Alvogen, Inc., Apotex Corp., and Zydus Pharmaceuticals (USA) Inc. to a list of companies that may be released by Tennessee's attorney general for opioid-related claims.
What This Bill Does
- Adds Alvogen, Inc., Apotex Corp., and Zydus Pharmaceuticals (USA) Inc. to the list of companies that can be released from pending or future opioid-related claims by the attorney general.
- Amends Title 20 and Title 33 of the Tennessee Code Annotated to include these three new companies in existing provisions.
Who It Names or Affects
- The attorney general of Tennessee
- Alvogen, Inc., Apotex Corp., and Zydus Pharmaceuticals (USA) Inc.
- People or entities with opioid-related claims against these companies
Terms To Know
- Opioids
- Strong painkillers that can be addictive.
- Attorney General
- The top lawyer for a state who gives legal advice and defends the state's interests.
Limits and Unknowns
- The exact financial impact of this bill cannot be determined until settlements are reached with these companies.
- This bill does not specify how much money might change hands between the state and local governments as a result of any settlements.