Posts Tagged 'purdue pharma'

Flurry of Activity in Late December Could Spell a Long 2021 for Opioid Industry

justice department sues walmart as tennessee enforces drug dealer law against opioid manufacturersA ruling by the Tennessee Supreme Court makes it possible to sue opioid manufacturers under the state’s Drug Dealer Liability Act. The ruling clears the way for a lawsuit to proceed that had been filed on behalf of children that were born addicted to opioids. “If the Baby Doe plaintiffs prove their allegations at trial, a jury could reasonably conclude that ...

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Documents: Sacklers Considered Early Opioid Exit Over Liability Lawsuit Concerns

documents indicate sackler family wanted out of opioid business because of liability[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 threaten ...

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Judge Approves OxyContin-maker Bankruptcy Settlement Terms

Purdue Pharma bankruptcy terms win judge approval“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 the ...

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Negotiations Fail as Sacklers’ Purdue Pharma Readies for Bankruptcy Protection

“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 ...

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Family Behind OxyContin Abuse Epidemic Set to Retain Billions in Government Settlement

Purdue Pharma negotiating opioid settlementAfter 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 currently ...

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Outrage Grows as Curtain is Pulled Back on Powerful Opioid Family

Americans are learning more about the family that has flooded their streets and communities with powerful drugsAmericans are frustrated by the amount of power our nation’s corporations hold over our government, our environment, and, frankly, our day-to-day lives. It seems that a day doesn’t go by in which we hear yet another tale of a corporation taking measures to improve its bottom line by putting its profits over the well-being of the people.

In most cases, as if ...

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