Posted on Jul 8, 2021
Fifteen States Drop Opposition to Controversial Purdue Pharma Oxycontin Bankruptcy
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https://www.npr.org/2021/07/08/ [login to see] /fifteen-states-drop-opposition-to-controversial-purdue-pharma-oxycontin-bankrupt
Fifteen states that led the effort to block a controversial bankruptcy plan for Oxycontin-maker Purdue Pharma have abandoned the fight.
That's according to court documents filed by a mediator late Wednesday night as part of a federal bankruptcy proceeding in White Plains NY.
Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the deal.
"The negotiations were difficult and hard-fought, with the outcome uncertain," said federal bankruptcy Judge Shelley C. Chapman in the legal filing.
Shelley was appointed in May to try to hash out a modified deal the so-called "non-consenting states" could accept.
The settlement plan, which is now all but certain to be finalized next month, would shelter members of the Sackler family who own Purdue Pharma and many of their associates from future opioid lawsuits.
Fifteen states that led the effort to block a controversial bankruptcy plan for Oxycontin-maker Purdue Pharma have abandoned the fight.
That's according to court documents filed by a mediator late Wednesday night as part of a federal bankruptcy proceeding in White Plains NY.
Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the deal.
"The negotiations were difficult and hard-fought, with the outcome uncertain," said federal bankruptcy Judge Shelley C. Chapman in the legal filing.
Shelley was appointed in May to try to hash out a modified deal the so-called "non-consenting states" could accept.
The settlement plan, which is now all but certain to be finalized next month, would shelter members of the Sackler family who own Purdue Pharma and many of their associates from future opioid lawsuits.
Fifteen States Drop Opposition to Controversial Purdue Pharma Oxycontin Bankruptcy
Posted from npr.org
Drugs
Pharmaceuticals
Bankruptcy
Lawsuit
Posted 3 y ago
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PO1 William "Chip" Nagel Good morning Chip! Oxycontin-maker Purdue Pharma planted many toes up, ruined families, made many homeless, & put bunches in prison. The Doctors have some share of the blame because they could see what it was doing to their patients.IMO...
https://www.npr.org/2021/06/02/ [login to see] /sackler-family-empire-poised-to-win-immunity-from-opioid-lawsuits
https://www.npr.org/2021/06/02/ [login to see] /sackler-family-empire-poised-to-win-immunity-from-opioid-lawsuits
Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits
A bankruptcy judge cleared a plan for final vote by creditors of Purdue Pharma, maker of OxyContin, that would release the Sacklers and their financial empire from liability for the opioid crisis.
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