Attorney General Josh Stein also helped lead negotiations for $21 billion in national settlements released in November and December 2022 with CVS, Walgreens, Walmart, Allergan, and Teva (“Wave Two Settlements”). These Wave Two Settlements have the potential to bring significantly greater resources across North Carolina to address the opioid epidemic. North Carolina’s state and local governments stand to receive more than $600 million over 15 years from the Wave Two Settlements, in addition to the more than $750 million they will already receive from the Wave One Settlements.

The State of North Carolina, all 100 counties, and 36 municipalities have formally joined the settlements. This 100% participation by counties and larger municipalities in the Wave Two Settlements enabled the state and local governments to receive 100% of our collective share of the national settlement funds. North Carolina’s $600 million share of settlement funds are being distributed among state and local governments as described below.  Funds from the Wave Two Settlement should start arriving in North Carolina by early 2024.

Supplemental Agreement for Additional Funds

The Supplemental Agreement for Additional Funds from Additional Settlements of Opioid Litigation (“SAAF”) provides that the bulk of the money from the Wave Two Settlements will go to counties and municipalities to address the opioid crisis. The SAAF extends to the Wave Two Settlements the basic terms of the MOA that governs the Wave One settlements. Like the MOA, the SAAF has the support of the North Carolina Department of Justice, the North Carolina Association of County Commissioners (NCACC), and the North Carolina League of Municipalities (NCLM).

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More about the Wave Two Settlements