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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.
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
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