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Opioids

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Pyperkub
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Joined: Mon Dec 13, 2004 5:07 pm
Location: NC- that's Northern California

Re: Opioids

Post by Pyperkub »

We were watching shameless the other day, and Frank nominated the Sackler family for the drug hall of fame!
Black Lives definitely Matter Lorini!

Also: There are three ways to not tell the truth: lies, damned lies, and statistics.
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Isgrimnur
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Re: Opioids

Post by Isgrimnur »

NPR
After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin, cleared a major hurdle late Wednesday.

Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.
...
This development brings members of the Sackler family, some of whom own Purdue Pharma and served on the company's board of directors, a step closer to winning immunity from future opioid lawsuits.

According to legal documents filed as part of the case, that immunity would extend to dozens of family members, more than 160 financial trusts, and at least 170 companies, consultants and other entities associated with the Sacklers.

"The Sacklers are paying $4.275 billion and they very much plan and expect to be done with this chapter," said Marshall Huebner, an attorney representing Purdue Pharma, during a hearing last week.

One of the firms that would secure protection from future opioid lawsuits under the deal is Luther Strange & Associates, founded by former U.S. Sen. Luther Strange (R-Alabama) who helped Purdue Pharma pitch the bankruptcy plan to Republican state attorneys general.
...
Two dozen states still oppose the bankruptcy deal that's been negotiated largely behind closed doors. They argue it would improperly strip them of authority to sue members of the family for alleged wrongdoing.
Black Lives Matter

Unrelated: Humanity was a mistake.
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Isgrimnur
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Re: Opioids

Post by Isgrimnur »

Guardian
A group of US state attorneys general unveiled on Wednesday a landmark $26bn settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but some states were cool on the agreement.

Under the settlement proposal, the three largest US drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp, are expected to pay a combined $21bn, while drugmaker Johnson & Johnson (J&J), which manufactures opioids, would pay $5bn.
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Attorneys general from 15 states were involved in negotiating the deal.

Settlement money from the distributors will be paid out over 18 years. J&J will pay over nine years, with up to $3.7bn paid during the first three years.
...
About $2.1bn will be deducted from the settlement for attorneys fees and legal costs.
Black Lives Matter

Unrelated: Humanity was a mistake.
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