INSIDER
Ruling clears way for Purdue Pharma to settle opioid claims, protects Sacklers from lawsuits
Read full article: Ruling clears way for Purdue Pharma to settle opioid claims, protects Sacklers from lawsuitsA federal court ruling has cleared the way for OxyContin maker Purdue Pharma to settle thousands of legal claims over the toll of opioids.
Judge favors boosting Sackler payment in Purdue Pharma deal
Read full article: Judge favors boosting Sackler payment in Purdue Pharma dealA judge has indicated he is moving forward with a plan for the owners of OxyContin maker Purdue Pharma to pump at least another $1.2 billion into a nationwide settlement of lawsuits against over the toll of opioids.
Mediator: Purdue Pharma close to reaching a new settlement
Read full article: Mediator: Purdue Pharma close to reaching a new settlementWith a settlement possibly near, a judge is giving the family that owns OxyContin maker Purdue Pharma 16 more days of protection from lawsuits over the toll of opioids.
Suits against OxyContin owners on hold; negotiations ordered
Read full article: Suits against OxyContin owners on hold; negotiations orderedA judge has kept lawsuits against OxyContin maker Purdue Pharma and members of the Sackler family who own it on hold until Feb. 1 but ordered the parties to negotiate a new settlement.
Uncertainty follows court's rejection of Purdue opioids deal
Read full article: Uncertainty follows court's rejection of Purdue opioids dealA federal judge’s decision to reject a multibillion dollar opioid settlement involving OxyContin maker Purdue Pharma is being hailed as a step toward justice by advocates who have long called for greater accountability for the family that owns the company.
Use of OxyContin profits to fight opioids formally approved
Read full article: Use of OxyContin profits to fight opioids formally approvedA judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic.
Purdue: Settlement better for states than continuing suits
Read full article: Purdue: Settlement better for states than continuing suitsA Purdue Pharma lawyer says states would get more money from settling with the company than if they were allowed to continue their lawsuits against the OxyContin maker and members of the Sackler family who own it.
Purdue Pharma exit plan gains steam with OK from more states
Read full article: Purdue Pharma exit plan gains steam with OK from more statesOxyContin maker Purdue Pharma's plan to reorganize into an entity whose profits will be used to combat the U.S. opioid crisis got a big boost as 15 states have dropped their objections to the new business model.
OxyContin maker Purdue Pharma to plead to 3 criminal charges as part of settlement of more than $8B
Read full article: OxyContin maker Purdue Pharma to plead to 3 criminal charges as part of settlement of more than $8BWASHINGTON – Purdue Pharma, the company that makes OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion, Justice Department officials announced Wednesday. To Massachusetts Attorney General Maura Healey, the Justice Department “failed” and she said in a statement that she was not done with either Purdue or the Sacklers. Purdue will make a direct payment to the government of $225 million, which is part of a larger $2 billion criminal forfeiture. About half the states oppose that settlement, and also wrote Barr to ask him not to make the federal deal that includes converting Purdue into a public benefit corporation. As the maker of the best-known prescription opioid, Purdue is the highest-profile player in the opioid crisis, but it’s far from the other one.