Purdue’s Sacklers Back New Bankruptcy Settlement for Opioid

If approved in court, Purdue’s new plan could end the longest and costliest corporate bankruptcy case stemming from the U.S. opioid epidemic. The drugmaker introduced OxyContin in the …

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Purdue’s Sacklers Offer To Increase Contribution In New Opioid ...

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2 days ago · Last year, the U.S. Supreme Court blocked Purdue Pharma’s bankruptcy settlement of up to $6 billion, which would have shielded Sackler family members from lawsuits over their …

claimsjournal.com

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Sacklers Boost Opioid Settlement - LinkedIn

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3 days ago · Purdue Pharma’s owners, the Sackler family, have agreed to boost their financial commitment in the company’s bankruptcy settlement over opioid lawsuits — to $6.5 billion …

linkedin.com

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Supreme Court Overturns Opioid Settlement With Purdue Pharma …

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Jun 29, 2024 · The ruling upended a carefully-crafted settlement worth roughly $8 billion, and involving the Sackler family, which owns Purdue, and all the individuals, states and local …

npr.org

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Supreme Court Overturns Purdue Pharma Opioid Settlement

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Jun 27, 2024 · In the decade prior to Purdue’s bankruptcy filing, the Sackler family had drained the company of more than $11 billion in assets, paying some in taxes and parking the rest …

huffpost.com

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Purdue Bankruptcy Reorg Falls Flat At Supreme Court

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Jun 27, 2024 · 'A bitter result': Judge approves Purdue's $4.5B opioid settlement that protects Sackler family from future lawsuits With those back-and-forth decisions, the Supreme Court …

fiercepharma.com

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Justices Reject Plan To Shield Sacklers In Purdue Opioid Deal - BBC

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Jun 27, 2024 · The Sacklers, who owned and operated the Oxycontin-maker for decades, had agreed to pay $6bn (£4.7bn) towards a wider settlement in exchange for sweeping protections …

bbc.com

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Purdue Settlement Talks With Sacklers Extended To November

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Sep 25, 2024 · An injunction was put in place after Purdue filed Chapter 11 in 2019 and been extended multiple times after the US Supreme Court scuttled a $6 billion deal that would have …

insurancejournal.com

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Sackler Family Awarded Protections Under Purdue's $6B Settlement

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May 31, 2023 · The settlement, originally reached last March, called for Purdue and the Sackler family to pay up to $6 billion to states and victims of the opioid epidemic.That settlement was a …

fiercepharma.com

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US Supreme Court Halts $6bn Purdue Opioid Settlement In Blow To …

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Aug 10, 2023 · Purdue Pharma, which made the powerful painkiller OxyContin, filed for Chapter 11 bankruptcy in New York in 2019 amid a wave of litigation over its role in the opioid crisis …

ft.com

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McKinsey & Co. To Pay $650 Million To Settle U.S. Opioid ... - NBC …

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Dec 13, 2024 · McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work …

nbcnews.com

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How Indiana Is Spending $980M In Opioid Settlements

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19 hours ago · Since late 2022, the state of Indiana and its local communities have received more than $980 million as a result of numerous settlements tied to the nationwide opioid crisis. …

theindianalawyer.com

FAQs about Purdue’s Sacklers Back New Bankruptcy Settlement for Opioid Coupon?

Are the Sackler family negotiating a bankruptcy settlement for opioid lawsuits?

The Sackler family owners of Purdue Pharma are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits, while agreeing to some exposure to future litigation, the Wall Street Journal reported on Monday. ...

Are Purdue Pharma's Sackler family members negotiating a bankruptcy settlement?

Purdue Pharma’s Sackler family owners are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits while accepting some exposure to future litigation, according to people with knowledge of confidential mediation discussions. ...

Why was Purdue Pharma's bankruptcy settlement upended?

Purdue's previous settlement was upended when the U.S. Supreme Court ruled in June that Purdue Pharma's bankruptcy settlement could not shield the Sacklers, who did not file for bankruptcy themselves, from litigation over their role in the nation's deadly opioid epidemic. ...

Why did the US Supreme Court strike down Purdue Pharma's bankruptcy deal?

The US Supreme Court has struck down a part of the bankruptcy deal for Purdue Pharma that would have shielded members of the Sackler family from future lawsuits over their role in fuelling the opioid crisis. ...

Are Purdue & Sackler family members fueling the opioid crisis?

The lawsuits against Purdue and Sackler family members by state and local governments, as well as by individual plaintiffs, have accused them of fueling the crisis through deceptive marketing of its pain medication. The company pleaded guilty to misbranding and fraud charges related to its marketing of OxyContin in 2007 and 2020. ...

How much did the Sackler family pay in Purdue bankruptcy?

Members of the Sackler family initially agreed to pay $4.5bn under Purdue’s bankruptcy settlement, which a bankruptcy judge approved in 2021. A federal judge set it aside later that year. ...