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Under a bankruptcy plan filed late Monday, the OxyContin maker would pay $500 million up front, promising billions in future payments. Twenty-four states rejected the proposal.
Critics say the settlement doesn’t hold company executives or members of the Sackler family accountable for their aggressive marketing of Oxycontin which helped fuel the nation’s opioid epidemic.
CHARLESTON, W.Va. (AP) – A group of West Virginia attorneys are asking a judge to force the state to release the names of babies born exposed to drugs as part of the Purdue Pharma bankruptcy case. The Herald-Dispatch reports the lawyers want the names so they can send families a notice of pending litigation and… Read More
STAMFORD, Conn. (AP) — OxyContin maker Purdue Pharma’s creditors want a federal bankruptcy judge to order the company to request permission before making any more political contributions. The issue arose this week after a report that the company gave to political organizations after declaring bankruptcy. Associations representing Democratic and Republican attorneys general and Republican governors have… Read More
STAMFORD, Connecticut (AP) — OxyContin maker Purdue Pharma is rolling out an advertising campaign to let people know they can file claims against the company over the toll of its opioids. The effort starting Monday is part of Stamford, Connecticut-based Purdue’s bankruptcy proceedings, which it is using to attempt to settle nearly 3,000 lawsuits. Most… Read More
The U.S. opioid epidemic has taken hundreds of thousands of lives. A reckoning for the manufacturers, marketers and distributors of these drugs has now begun — but despite several multibillion dollar settlements, some states and municipalities say accountability and transparency for the companies is lacking. Casey Ross of STAT News joins PBS NewsHour’s Amna Nawaz… Read More
A judge will halt lawsuits against Purdue Pharma and its owners for six months in hopes of finalizing a settlement over the OxyContin maker’s role in the national opioid crisis, he said Friday. In a hearing, U.S. Bankruptcy Judge Robert Drain strongly brushed aside the argument from a group of state attorneys general that lawsuits… Read More
OxyContin maker Purdue Pharma on Wednesday asked a bankruptcy court judge to halt all lawsuits against the company and its former directors, including members of the Sackler family, which owns the company. The request is a standard ask for a company that’s filed for bankruptcy , as Purdue did this week in an effort to settle some… Read More
COLUMBUS, Ohio (AP) – Ohio Attorney General Dave Yost says any money the state receives from a settlement with OxyContin maker Purdue Pharma should be spent at the local level. Yost, a Republican, went “on the record” with his position at an unrelated news conference Wednesday. He said he doesn’t want Ohio’s efforts to exercise… Read More
The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by … selling more OxyContin. That would amount to blood money, in the opinion of some critics. And it’s one reason two dozen states have rejected the deal. “The settlement agreement basically requires the settlement payments… Read More
The bankruptcy follows the Sackler family, which owns Purdue, agreeing to surrender control of the company and offering $3 billion in cash to opioid-hit communities.
The lead lawyers for local governments suing drug companies over the opioid crisis say the OxyContin maker Purdue Pharma’s bankruptcy filing won’t stop a trial scheduled for next month against other parts of the drug industry. Purdue filed for bankruptcy late Sunday night as part of a settlement plan. Lead lawyers for the local governments… Read More
For months, the judge overseeing national litigation over the opioids crisis urged all sides to reach a settlement that could end thousands of lawsuits filed by state and local governments. But the chaotic developments this week in the case against OxyContin maker Purdue Pharma underscore how difficult that goal is. By Thursday, half of the… Read More
Purdue Pharma, Johnson & Johnson and other health care giants are discussing potential deals with authorities that could resolve thousands of lawsuits they’re facing over the U.S. opioid epidemic.
FRANKFORT, Ky. (AP) — The secret testimony from former Purdue Pharma President Richard Sackler and other records in a Kentucky opioids lawsuit must be made public after the state Supreme Court declined to review an earlier ruling. The court record was sealed in 2015 as part of a $24 million settlement between Purdue and the… Read More
CHARLESTON, West Virginia (AP) – Five state attorneys general have announced new lawsuits against the maker of OxyContin as they seek to hold the drug industry responsible for an opioid crisis. Filings were announced Thursday by officials in Iowa, Kansas, Maryland, West Virginia and Wisconsin. With the suits, 45 states are now taking legal action… Read More
BOSTON (AP) — A member of the family that owns OxyContin maker Purdue Pharma told people at the prescription opioid painkiller’s launch party in the 1990s that it would be “followed by a blizzard of prescriptions that will bury the competition,” according to court documents filed Tuesday. The details were made public in a case… Read More