[W]e’re living in America,” wrote David Sackler in a May 2007 family email. “This is the land of the free and the home of the blameless. We will be sued. Read the op-ed stuff in these local papers and ask yourself how long it will take these lawyers to figure out that we might settle with them if they can freeze our assets and ...
Documents: Sacklers Considered Early Opioid Exit Over Liability Lawsuit Concerns
Posted January 11, 2021 in Product News and Recalls
Judge Approves OxyContin-maker Bankruptcy Settlement Terms
Posted December 7, 2020 in Drug and Medical Device Lawsuits | Product News and Recalls
“The Stamford, Connecticut-based company wants to convert into a public benefit corporation that would no longer be owned by members of the Sackler family. The plan calls for the new company to continue making OxyContin, but with the profits going toward fighting the opioid crisis, which has been linked to 470,000 deaths in the U.S. since 2000.”
Whether a more cognitively dissonant combination of words has ever been assembled in ...
continue reading...Opioid Manufacturers and Distributors Don’t Like Current MDL Judge; Ask for Replacement
Posted October 10, 2019 in Drug and Medical Device Lawsuits | Product News and Recalls
Defendants in the nation’s largest opioid litigation might be reconsidering their odds. If they were confident, they might not have asked for the removal of the federal judge tasked with overseeing thousands of consolidated lawsuits seeking to recover damages from drug makers and distributors for their role in perpetuating the nation’s ongoing opioid crisis.
That, however, is exactly what happened last month when household names like CVS ...
continue reading...Negotiations Fail as Sacklers’ Purdue Pharma Readies for Bankruptcy Protection
Posted September 30, 2019 in Product News and Recalls
“I think they are a group of sanctimonious billionaires who lied and cheated so they could make a handsome profit. I truly believe that they have blood on their hands.” These are the words used by Pennsylvania Attorney General Josh Shapiro after news broke that the Sackler family had tanked negotiations seeking to hold Purdue Pharma responsible for its role in the nation’s opioid crisis.
Reports indicated that a settlement between the states, towns, and other ...
continue reading...Family Behind OxyContin Abuse Epidemic Set to Retain Billions in Government Settlement
Posted September 30, 2019 in Drug and Medical Device Lawsuits | Product News and Recalls
After doing their part to create and profit from an epidemic that has ravaged American communities and left hundreds of thousands of people dead in its wake, the family that is largely behind OxyContin’s rise to opioid prominence is set to keep the vast majority of their wealth and will never see the inside of a jail cell.
A recent article published by The Washington Post outlines the terms of a settlement ...
continue reading...Oklahoma Judge Finds Johnson & Johnson Partially Responsible for Opioid Crisis
Posted September 6, 2019 in Drug and Medical Device Lawsuits | Product News and Recalls
As the opioid abuse epidemic continues to ravage the United States from coast to coast, states have spent untold millions of dollars dealing with the aftermath. From abuse prevention and treatment programs to emergency services, homeless shelters and advocacy, hospitals, and law enforcement, the cities and towns in these states have spent significant sums cleaning up the mess the drug companies have left behind; sums ...
