Purdue Pharma Carried Out Extensive Probe of the Sacklers But the Findings Remain a Secret
Purdue Pharma, the manufacturer of OxyContin, is believed to have conducted an extensive investigation on members of the Sackler family, exploring whether they committed financial improprieties or other crimes, but the drugmaker kept the findings a top-secret. In a bankruptcy filing tabled in March 2021, the company acknowledged hiring experienced attorneys, forensic accountants, and other […]
Sacklers Say No Chapter 11 Bankruptcy Deal Without Injunction Extension
Members of the Sackler family have told the New York bankruptcy court that they will pull back on the proposed $4.28 billion opioid settlement deal if the litigation injunction granted in the Chapter 11 bankruptcy case of Purdue Pharma isn’t extended. In the court filing, the entire family of Raymond Sackler, a descendant of one […]
OxyContin Maker Sued for a Staggering $40 Trillion
OxyContin maker, Purdue Pharma, is staring at one of the biggest legal claims in the United States history. In an opioid lawsuit filed by an undisclosed party, the company could be forced to pay up to $40 trillion in damages for its role in fueling the opioid crisis in the country. The amount is almost […]
Connecticut AG Vows to Continue Opioid Litigation Against Purdue Pharma
Connecticut Attorney General, Mr. William Tong, has said that Purdue Pharma’s restructuring plan submitted in a New York bankruptcy court isn’t good enough and won’t be accepted. Instead, he has promised to continue pursuing the state’s opioid litigation against the drug manufacturer. The declaration comes after Purdue Pharma has offered to pay approximately $4.28 billion […]
New Bill Seeks to Restrict Opioid Liability Releases Sought By Sackler Family in Purdue Pharma Lawsuits
Congressional Democrats have crafted a new bill that seeks to prevent members of the Sackler family who own Purdue Pharma from using the company’s bankruptcy claims to get away with charges pressed against them over opioid painkillers. Representative Carolyn B. Maloney, the Chairwoman of the House Committee on Oversight and Reform, alongside senior committee member […]
Purdue Pharma Offers $4.28Billion to Settle Opioid Lawsuits as Part of Its Restructuring Plan
Purdue Pharma, one of the leading drug manufacturers accused of fueling the opioid crisis in the country, has agreed to pay approximately $4.28billion to resolve pending opioid lawsuits. The payment from the extended Sackler family is part of a comprehensive restructuring plan filed on March 22, 2021, in the U.S Bankruptcy court in New York. […]
Walgreens Faces New Opioid Lawsuit in Arkansas
The State of Arkansas attorney general, Leslie Rutledge, has moved to court to sue Walgreens for playing a role in fueling the opioid crisis in the state. In her case, Rutledge accuses the pharmacy chain of filing a relatively large number of suspicious orders for opioid painkillers even when it was clear that the opioid […]
West Virginia Reaches Opioid Settlement with Drug Companies for $1.25Billion
West Virginia communities were delighted when the state and local governments announced that they had reached a $1.25billion opioid settlement with drug companies. The deal would end most of the litigation stemming from the rampant opioid crisis in the state. The announcement was made in March 2020, and a payment structure and schedule has already […]
Johnson & Johnson Appeals Oklahoma’s Opioid Verdict
After losing the first major opioid lawsuit filed in Oklahoma in the summer of 2019, Johnson & Johnson attorneys moved swiftly to find ways of reducing the company’s liability. They launched an official appeal against the judgment, arguing that the judge erred in his verdict. Initially, Judge Thad Balkman of the Cleveland County District Court […]
