V.I. Reaches Agreement as Part of National $2.7 Billion Opioid Settlement

The V.I. Attorney General’s Office has signed on to a $2.7 billion nationwide settlement agreement with companies Allergan and Teva Pharmaceuticals over the opioid epidemic.

he settlement between the companies and a working group of States’ Attorneys General and a multi-district executive committee for the plaintiffs was reached in November 2022, after which states and territories had the option to sign on. The USVI did so on Tuesday, filing a motion with the court to grant its entry of two Consent Judgments.

How much money the Virgin Islands will receive is unclear and will be based on the number of states that join and a complicated formula that assigns percentages to those states based on their exposure, according to the agreement. For example, under the category “Overall Allocation,” the Virgin Islands is allotted 0.0315673573 percent of the settlement, which would be about $746,550. By comparison, Pennsylvania has been allocated 5.4 percent, Washington 2.7 percent, and Virginia 2.7 percent.