By Leslie Pappas (January 5, 2022, 7:34 PM EST) — AmerisourceBergen Corp. shareholders sued 10 of the company’s executives and board members in Delaware’s Court of Chancery on Wednesday, alleging that they took a “devil may care” attitude toward the illegal distribution and growing abuse of highly addictive opioid painkillers.

The board’s repeated failures to respond to “undeniable evidence of widespread illegal opioid sales” led AmerisourceBergen to pay almost $7 billion in fines and settlements and has “meaningfully exacerbated the opioid epidemic that continues to plague the United States,” two pension funds purported in a 154-page derivative complaint.

“The Board knew that regulators and prosecutors were looking to hold distributors accountable…


Hippo Sighting Report

Help us out, we really appreciate it.

Help contribute to our research, and let us know if you have seen similar situations that we may have missed. Our team will review the details you provide and add to our main list once we verify the information.

stay informed

Subscribe and get the updated Hippo List.

Get notified when we release our updated lists by email.

Make a Donation

Thank you for subscribing!

We will send you an email to confirm your details.  Welcome aboard!

Thanks for sending us your report.

We will review your information, and publish in on our list once we validate the details.