Supreme Court justices wrestled Monday with the uncomfortable bargain struck between most victims of the opioid crisis and the Sackler family, whose Purdue Pharma promoted the addictive painkiller OxyContin: providing timely compensation for survivors in exchange for granting the wealthy family immunity from future civil lawsuits.
Tag: Purdue Pharma settlement
Frustration Grows Over Wait on Purdue Pharma’s OxyContin Settlement
More than a year after OxyContin maker Purdue Pharma reached a tentative settlement over the toll of opioids hat was accepted nearly universally by the groups suing the company money is still not rolling out.
Sacklers and Purdue Pharma Reach New Deal with States Over Opioids
Members of the billionaire Sackler family and their company, Purdue Pharma, have reached a deal with a group of states that had long resisted the company’s bankruptcy plan — a crucial step toward funneling billions of dollars from the family’s fortune to addiction treatment programs nationwide, according to a court filing on Thursday. If Judge… Continue reading Sacklers and Purdue Pharma Reach New Deal with States Over Opioids
Purdue Pharma Seeks to Appeal Ruling Overturning Opioid Settlement, Liability Shield
According to a court filing late Thursday, Purdue Pharma is seeking to appeal to the 2nd U.S. Circuit Court of Appeals a judge’s decision to unravel its restructuring plan, which would have shielded its owners from liability in civil opioid-related cases. The appeal came after U.S. Bankruptcy Judge Robert Drain in White Plains, New York,… Continue reading Purdue Pharma Seeks to Appeal Ruling Overturning Opioid Settlement, Liability Shield
Purdue’s Sackler: Family Has ‘Responsibility’ to Help Curb Opioid Crisis but Wants Liability Shields
A member of the Sackler family that owns Purdue Pharma testified on Tuesday that his family bears a “moral responsibility” to help abate the U.S. opioid crisis but said it will not contribute financially to the effort unless it receives broad legal protections. The OxyContin maker last week kicked off its long-awaited bankruptcy trial over… Continue reading Purdue’s Sackler: Family Has ‘Responsibility’ to Help Curb Opioid Crisis but Wants Liability Shields
15 States Reach Deal with Purdue Pharma Toward $4.5B Opioid Settlement
More than a dozen states have dropped their objections to a bankruptcy plan by Purdue Pharma that would shift the OxyContin producer toward giving more money to help fight the opioid crisis in the United States. The decision by 15 states was outlined in new documents filed by a mediator in the case and shows… Continue reading 15 States Reach Deal with Purdue Pharma Toward $4.5B Opioid Settlement