FRANKFORT, Ky. — Kentucky stands to receive more than $460 million , as part of a tentative $26 billion multi-state settlement with Johnson & Johnson and three pharmaceutical distributors.
The settlement will resolve pending lawsuits filed by state and local governments against the four companies for their roles in the opioid epidemic.
If approved, Kentucky’s share of the settlement would be split 50-50 between the state and local governments that also filed suit.
House Bill 427 passed earlier this year requires that the vast majority of the money be used pay for addiction treatment and other past, future or continuing expenses related to the opioid epidemic.
“Today’s announcement marks the end of a long and hard-fought negotiation to ensure that opioid distributors are held accountable for their role in the opioid crisis and that the Commonwealth receives needed funds for opioid abatement programs,” said Attorney General Cameron. “The Commonwealth stands to receive an historic settlement in excess of $460 million, which will provide the state and local governments with substantial funds to support Kentuckians struggling with addiction.”
The states now have 30 days to decide whether or not to accept the settlement.