Purdue Pharma says settlement talks in opioid cases not over

This Feb. 19, 2013 file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. OxyContin maker Purdue Pharma and lawyers representing local governments both said Sunday that they're interested in continuing negotiations to settle lawsuits over the toll of the opioid crisis a day after two state attorneys general told colleagues that their talks with the company were at an impasse and that they expected the company to file imminently for bankruptcy.

The company said it is prepared to defend itself in litigation, but that "Purdue Pharma believes a settlement that benefits the American public now is a far better path than years of wasteful litigation and appeals." Those plaintiffs, he said, "will continue to explore resolution of our clients' claims against Purdue and the Sacklers, whether with or without the states and within or without bankruptcy court."

Nearly every state and about 2,000 local governments have sued companies in the drug industry over the toll of opioids, which have been linked to more than 400,000 deaths in the U.S. over the last two decades. The suits cast Stamford, Connecticut-based Purdue as a particular villain, saying the company's marketing of its drugs downplayed addiction risks and led to more widespread opioid prescribing, even though only a sliver of the opioid painkillers sold in the U.S. were its products.

Purdue has said for months that it wants to reach a deal that would settle all state and local government claims against it, but it also has threatened to file for bankruptcy protection. Bankruptcy would mark a major shift in the multidistrict litigation being overseen by a federal judge in Cleveland. It would likely take Purdue out of the first federal trial over the opioid crisis, scheduled to start Oct. 21.

Pennsylvania Attorney General Josh Shapiro, who has been part of the negotiations, said the attorneys general did not believe the deal would have been worth that much.

If the annuity isn't paid.. Bye bye earth.. Doesn't the government use the military to guard the fields?

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