Published 3 years ago

Federal judge approves bankruptcy settlement for Purdue Pharma

Summary by Ground News

A federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments. Members of the Sackler family would give up ownership of the company and pay $4.5 billion. The company is converted to a new entity with its profits being used to fight the epidemic.

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The Guardian

Judge approves Purdue Pharma plan, freeing Sacklers from opioid lawsuits

Drugmaker will be organized into new company with board appointed by public officials and Sackler family will pay $4.5bn

3 years ago·London, United Kingdom

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The Independent

Purdue Pharma owners to pay billions over opioid crisis in immunity bankruptcy deal

The Sackler family maintains they’re not responsible for the opioid crisis

3 years ago·London, United Kingdom

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Reuters

U.S. judge says he will approve Purdue Pharma bankruptcy plan that shields Sacklers

A U.S. judge said he will approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company's wealthy Sackler family owners from future opioid litigation.

3 years ago·United Kingdom

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Associated Press News

Judge conditionally approves Purdue Pharma opioid settlement

A federal bankruptcy judge on Wednesday gave conditional approval to a sweeping, potentially $10 billion plan submitted by OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades.

3 years ago·United States

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USA Today

Judge conditionally approves opioid settlement

A Massachusetts woman whose two sons died a decade apart from opioid overdoses says she is hopeful that a settlement in the case against OxyContin maker Purdue Pharma will lead to better treatment for opioid addicts. (Sept. 1)

3 years ago·United States

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abc News

Judge prepares to rule on Purdue Pharma's opioid settlement

A U.S. bankruptcy judge says bitterness would be “completely understandable” as he prepares to rule on a plan for OxyContin maker Purdue Pharma to settle lawsuits over its role in the opioid crisis

3 years ago·United States

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