Committee pitches concept to settle all opioid lawsuits

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A committee guiding OxyContin maker Purdue Pharma's bankruptcy has suggested other drugmakers, distributors and pharmacy chains use Purdue's bankruptcy proceedings to settle more than 2,000 lawsuits seeking to hold the drug industry accountable for the national opioid crisis.

The committee of unsecured creditors said in a letter sent Sunday to the parties and obtained by The Associated Press that the country "is in the grips of a crisis that must be addressed, and that doing so may require creative approaches."

The committee includes victims of the opioid crisis plus a medical centre, a health insurer, a prescription benefit management company, the manufacturer of an addiction treatment drug and a pension insurer. It says that the concept may not be feasible but invited further discussion. It does not give a size of contributions from the company.

Paul Hanly, a lead lawyer for local governments in the lawsuits, said in a text message Sunday evening that he'd heard about the mass settlement idea, calling it "most unlikely."

 

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