This translation has been automatically generated and has not been verified for accuracy.Purdue Pharma filed for bankruptcy in the first step in a complex, multibillion-dollar plan by the maker of OxyContin to settle thousands of lawsuits brought against it by state and local governments in the U.S. over the deadly opioid disaster.
The company and members of the Sackler family, which owns it, expressed sympathy but not responsibility. About half the states and lawyers representing at least 1,000 local governments have agreed to the tentative settlement, which the company says could be worth $10 billion to $12 billion over time and would include at least $3 billion from the Sacklers.
For Purdue and the Sacklers, the effort revolves around getting more states to agree to the settlement, which could make approval more likely. In court filings, the family and the company have pushed back against accusations that the company played a central role in causing the crisis by overselling the benefits of its powerful prescription painkillers and downplaying the addiction risk.
globebusiness they should not be allowed to lie using another act . for deaths of people, its not all their fault unless they are hiding kickbaks etc
globebusiness Funny in if you are bankrupt where is the money coming from
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After bankruptcy filing, Purdue Pharma may not be off hookOxyContin maker Purdue Pharma and its owners expressed sympathy but not responsibility for the nation's opioid crisis as the company filed for bankruptcy protection late Sunday night, part of a move to settle some 2,600 lawsuits -- most from state and local governments. No they are not because bankruptcy filings include court cases. The assets will be in trust as part of any court ruling. There could also be director responsibility as well. Exec's and owners don't give 2 💩's. Their money is already been hidden away out of sight and reach. They're just putting on a show now.
Source: CTVNews - 🏆 1. / 99 Read more »
Purdue Pharma, facing over 2000 opioid crisis lawsuits, files for bankruptcy protectionOver 2000 lawsuits, as well as the refusal of 20 state attorneys general to accept a deal for a settlement preceded the long expected announcement of bankruptcy globebusiness Yes, it’s apparently part of a broader litigation settlement involving multiple public (government) lawsuits. You may want to mention that. globebusiness Go for money moved to swiss banks
Source: globeandmail - 🏆 5. / 92 Read more »
After bankruptcy filing, Purdue Pharma may not be off hookOxyContin maker Purdue Pharma and its owners expressed sympathy but not responsibility for the nation's opioid crisis as the company filed for bankruptcy protection late Sunday night, part of a move to settle some 2,600 lawsuits -- most from state and local governments. No they are not because bankruptcy filings include court cases. The assets will be in trust as part of any court ruling. There could also be director responsibility as well. Exec's and owners don't give 2 💩's. Their money is already been hidden away out of sight and reach. They're just putting on a show now.
Source: CTVNews - 🏆 1. / 99 Read more »
Purdue Pharma, facing over 2000 opioid crisis lawsuits, files for bankruptcy protectionOver 2000 lawsuits, as well as the refusal of 20 state attorneys general to accept a deal for a settlement preceded the long expected announcement of bankruptcy globebusiness Yes, it’s apparently part of a broader litigation settlement involving multiple public (government) lawsuits. You may want to mention that. globebusiness Go for money moved to swiss banks
Source: globeandmail - 🏆 5. / 92 Read more »