1 Parties or members of the public who wish to participate in the Confirmation Hearing should consult the Court's calendar with respect to the day of the Confirmation Hearing at https://www.nysb.uscourts.gov/calendars/rdd.html for informationregarding how to be added as a participant. . Isaacs is one of just two individuals holding out against a controversial bankruptcy settlement that would effectively shield Purdue's former owners, the Sackler family, from further litigation. The Sackler family must allow institutions to remove the family name from buildings, scholarships, and fellowships. They reaped massive profits while opioid addiction skyrocketed. By signing up, I agree to receive emails from The Intercept and to the Privacy Policy and Terms of Use. Sean Higgins, an attorney representing individuals, wrote in an emailed statement that using the money that is not going directly to victims to slow the opioid epidemic "is consistent with the victims' goal to prevent others from suffering the same plight.". Purdue Pharma, based in Stamford, Connecticut, has estimated that the settlement could be worth $10 billion, including the value of overdose antidote and addiction treatment drugs it's been developing. When you access any of our websites, related other parties websites, mobile applications, or any electronic service, we may use cookies and other technologies to automatically collect information regarding you and your device to assess user activity and preferences. The records are vague, as lax regulations allow corporations and lobbyists to avoid detailing their lobbying activities, but they showcase the ability of a company in bankruptcy proceedings to employ lobbyists with deep relationships on both sides of the aisle. The issue of releases for the Sacklers and other third parties is at the heart of the resistance to the bankruptcy plan now pursued by nine states, including Maryland, Washington and Connecticut. You will be notified in advance of any changes in rate or terms. In addition to members of Congress like Maloney and Sen. Elizabeth Warren, D-Mass., opposition to the settlement has come from the U.S. Customer Service. Purdue Pharma, which makes OxyContin, filed for bankruptcy protection in September 2019 after thousands of lawsuits . Trials in state and federal cases are scheduled to begin this year in California, New York, Ohio and West Virginia. Lawyers representing individuals and all the states disagreed about how to divide it. The details of the Sacklers liability releases are so far-reaching that last week Judge Robert Drain himself said he had some concerns about the breadth.. In a pre-drafted statement, the Sackler families said they were pleased to have reached a settlement with additional states that will allow very substantial additional resources to reach people and communities in need.. potentially $10bn plan submitted by the OxyContin maker Purdue . Another signature feature would be a public repository for more than 30 million documents from Purdue and the Sacklers so that academics and scholars and families of victims and everyone can look at those documents and understand what can happen when there is a fraud and how intense and how long that fraud can go on, said Jayne Conroy, a lawyer who began pursuing Purdue in 2002, and who testified on Monday in favor of the plan. This determination was made after a lengthy trial that took place over three weeks, in which numerous fact and expert witnesses testified, and after reviewing more than 4,000 pages of sworn declarations and expert testimony from many parties. The Plan received overwhelming support from more than 95% of voting creditors, including every voting class of . The company also agreed to provide millions of additional documents not previously produced in any litigation or investigation, as well as hundreds of thousands of privileged documents from the years when Purdue developed and promoted opioids. Following their bankruptcy filings, Purdue launched a $23.8 million ad campaign in order to advertise a claims program. That maximum payment for a death, in the range of $40,000, is a fraction of what other drugmakers have paid to settle lawsuits, according to attorneys who review such cases. His treatment bills totaled nearly $500,000, but Hampton says receipts that would prove a link to his Purdue painkillers are long gone. The maximum award for Jeff Wencus' death would be between $26,000 and $40,000. A coalition of survivors and advocacy groups are seen staging a die-in protest outside of the U.S. Bankruptcy Court in White Plains, N.Y, to call out the United States justice system for failing to hold the billionaire Sackler family to account, on Aug. 9, 2021. The multibillion-dollar bankruptcy settlement with Purdue Pharma and the Sackler family is grounded in an opioid crisis that has injured or killed an untold number of Americans. New York, New Jersey . It is believed to be the first time that a member of the family has appeared in open court on a matter related to OxyContin, though some Sacklers have given depositions in cases over the years. Text. . 2. "It's time to get this done and over with, get this money into our communities," says Strain, who works in drug use prevention programs. In more recent years, individual Sacklers themselves have been named in a growing number of the cases. They also own little-known Rhodes Pharma, one of the largest off-patent generic opioid producers in the U.S. Capitol Hill Consulting Group is a major player on health care; among its executives is Tom Wharton, a former aide to Joe Biden and Secretary of State Tony Blinken. U.S. District Judge . But most of the groups with claims against Purdue are on board with the settlement plan. Judge conditionally approves Purdue Pharma opioid settlement, shielding Sackler family from future lawsuits By Anna Werner wernera@cbsnews.com Updated on: September 1, 2021 / 8:28 PM / CBS News With nearly 135,000 such claims, that would work out to average payments under $5,600. Purdue Pharma, the maker of OxyContin, is aiming to reach a settlement for thousands of lawsuits brought against it which includes payments to individual victims and their families ranging from about $3,500 to $48,000. Some other firms are also settling. At least 2,700 lawsuits and hundreds of thousands of claims have been registered against Purdue, beginning in 2014, when the opioid epidemic began to crest. The plan also requires the company's family owners to pay an additional $4.275 billion to resolve thousands of civil claims. Denver-headquartered Brownstein Hyatt Farber Schreck is one of the largest lobbying shops in Washington and is a generous donor to Democrats and Republicans alike, donating nearly $2 million to candidates for federal office in 2020, according to the Center for Responsive Politics. Demonstrators scatter fake money and prescription bottles of OxyContin in August outside of U.S. Bankruptcy Court in White Plains, where the Purdue bankruptcy hearings were held. The best way to prevent fentanyl use is to. A small quantity goes a long way, so its easy to suffer an overdose. Updated The balance between risk and societal benefit is, I think, beyond question, Mr. Sackler said. Purdue said it will also provide overdose antidotes and anti-addiction drugs that would have a value of more than $4bn. But, broadly speaking, the issue is unsettled. Jesse Costa/WBUR We are not done fighting for justice against the addiction industry, Tong said. Demonstrators scatter fake money and prescription bottles of OxyContin in August outside of U.S. Bankruptcy Court in White Plains, where the Purdue bankruptcy hearings were held. While no amount of money will be enough to address the harm they caused, this settlement is a significant step toward holding the Sacklers accountable for what they did and will provide much needed funds for our state to continue fighting this epidemic.. Under the plans other major terms, Purdue would be remade into a new public benefit company, whose profits would almost all go to the settlement, and the Sacklers would renounce all involvement. The Department of Justice (DOJ) has ordered three law firms for Purdue Pharma to relinquish $1 million in fees earned in the drugmakers' opioid epidemic-related bankruptcy cases due to concerns . Attorney General Formella objected to that plan because of inadequate contributions by the Sacklers and also because the Bankruptcy Court was forcing the objecting states to release the Sacklers from all civil liability. If the bankruptcy judge, Robert Drain, approves the settlement, the Department of Justice can seek to appeal it. As we operate in a highly regulated industry, we monitor bills, hearings, and other activities in the normal course of business. With fentanyl, there is only a short window of time to intervene and save a persons life during an overdose. The medicine can rapidly reverse an opioid overdose and is often available at local pharmacies without a prescription. The bills add up to more than half the amount that all individuals harmed by OxyContin would share under the drugmaker's proposed settlement of personal injury claims. It says additional money would come from insurance claims. A former . Sackler family grilled by Congress on Purdue Pharma's role in opioid crisis. That legislation would [close] a loophole in bankruptcy law by preventing individuals who have not filed for bankruptcy from obtaining releases [from further financial and criminal liability], per the Oversight Committees website the exact scenario which would enable the Sacklers to walk away with billions of dollars in cash. The companys federal agreement is valued at more than $8bn. Separately, Purdue has pleaded guilty to federal criminal charges and settled civil complaints. A scion of the Sackler family, the billionaire owners of Purdue Pharma, vowed in court on Tuesday that the family would walk away from a $4.5 billion pledge to help communities nationwide that . There is no guarantee that the medications listed in this release will successfully complete development or gain FDA approval. This necessary financial relief will help New Hampshire continue to make substantial progress in our fight against this crisis, and this settlement will deter irresponsible actions that would fuel this epidemic further., New Hampshire has been particularly hard hit by the opioid epidemic, and Purdue Pharma and the Sackler family bear significant responsibility for causing so much harm to our state, said Attorney General Formella. Purdue Pharma LP's insistence on a bankruptcy settlement that would shield its billionaire owners from civil lawsuits related to OxyContin's role in the opioid epidemicwhile allowing the Sacklers to avoid filing for bankruptcy themselvesis pushing the limits of a common tool in Chapter 11 cases. The best way to prevent fentanyl use is to educate your loved ones, including teens, about it. Mr. Sackler testified by video before Judge Drain, who sits in White Plains, N.Y. Purdue was removed from those cases and others when it filed for bankruptcy protection. It is unclear whether or not the Biden administration would do so. It hit a potential roadblock in March 2021 when House Oversight Committee Chair Carolyn Maloney, D-N.Y., introduced the SACKLER Act. Compliance with directing funds for authorized abatement purposes will be tracked within these reports. As Purdue Pharma seeks approval for a controversial bankruptcy settlement, it has retained the services of highly compensated lobbying firms Brownstein Hyatt Farber Schreck and Capitol Hill Consulting Group. In recent months, claims against other companies in the drug industry have gone to trial in California, New York and West Virginia, with more on tap in coming months. . This settlement is conditioned on approval by the Bankruptcy Court of the revised bankruptcy plan. In his court appearance, Mr. Sackler refused to be pinned down by lawyers who sought to elicit an acknowledgment of family responsibility in the continuing tragedy, which saw a record-breaking number of overdose deaths last year during the pandemic. It's settled. In 2021, the Bankruptcy Court . They will, however, be allowed to remain involved in their considerable international pharmaceutical companies, through which they can continue to produce and market opioids for up to seven years, until the companies are sold, to seed the litigation payments. Buprenorphine naloxone tablets - Purdue will provide/distribute millions of doses of a generic version of buprenorphine and naloxone sublingual tablets CIII, a treatment for opioid dependence. In its proposal, the company said family members would contribute nearly $4.3bn over a decade, the company would kick in $500m upfront, and its sales would generate another $1bn through the end of 2024, when the plan is to sell or otherwise transform the company again. Responding to state requests, the mediator urged the Bankruptcy Court to require the Sacklers to participate in a March 9, 2022 public hearing where victims and their survivors would be given an opportunity to directly address the family. A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic. The hearing will be conducted via Zoom videoconferencefor those who will be participating in the Confirmation Hearing1if General Order M-543 is still in effect or unless otherwise ordered by the Bankruptcy Court. A federal bankruptcy judge had been expected to confirm the plan at the end of these hearings, particularly after a majority of states that had earlier opposed the deal expressed support for it last month. Tens of millions of documents will ultimately be placed in the public repository. CLARIFICATION: This story has been updated to make clear that Sackler family members could still be subject to criminal liability. The agreement "harms both the public and countless individuals by extinguishing the rights that opioid victims hold against possibly thousands of Sackler Family members and associated parties . In December 2021, the U.S. District Court vacated the Purdue bankruptcy order, agreeing that the Bankruptcy Court lacked authority to force states to release their claims against the Sackler family. Lynn Wencus sits on a bench in her backyard dedicated to her son Jeff, whom she lost to an opioid overdose in 2017. If approved, New Hampshire will receive approximately $46 million from the settlement. WHAT ARE YOUR OPTIONS?Vote on the Plan:Your vote must be submitted so it is actually received on or before July 14, 2021, at 4:00 p.m., prevailing Eastern Time. A Warner Bros. ?Even if we have to keep it in cash, its better to have the leverage now while we can get it than thinking it will be there for us when we get sued.. (d) Approved procedures for soliciting, receiving, and tabulating votes on the plan and for filing objections to the plan. Another fund will compensate 130,485 individuals and families of those who suffered from . hide caption. "There's no amount of money that would ease the pain or suffering that he went through, that my family went through," Lynn Wencus says. About 90% of the settlement, which could deliver between $6 billion and $10 billion over time, will go to states, local governments and tribes. Now theyre trying to get away with it, the Massachusetts attorney general, Maura Healey, said. Consider what the world of media would look like without The Intercept. STAMFORD, CT - APRIL 2: Purdue Pharma headquarters stands in downtown Stamford, April 2, 2019 in Stamford, Connecticut. Sign In. 12. Todays decision confirming Purdues Plan comes after a multi-year, arduous, inclusive process in which governments, creditors, and representatives of individual victims came together to forge a solution that received the support of more than 95% of Purdues creditors. More than 470,000 US deaths have been linked to opioids since 2000. . She is one of many people filing an individual claim in the Purdue Pharma settlement. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.nysb.uscourts.gov/calendars/rdd.html. Court documents show company officials continued to push to maintain sales even as it became clear the drug was being abused. The payments are spread over 18 years. By using this site, you agree to our use of these technologies in accordance with our Privacy Policy. The repository will be significantly larger than the entire tobacco industry repository which covered decades, multiple companies, and included no privileged documents. That means they would be forever immunized from any current and future lawsuits worldwide related not only directly to Purdues opioids but to other drugs the company makes, including drugs for addiction reversal, high cholesterol and even constipation as a result of taking prescription opioids. Individuals who filed claims over opioid addiction or overdose deaths against OxyContin maker Purdue Pharma LP are projected to receive as much as $48,000 under the companys bankruptcy plan. . . Attorney General John M. Formella today announced a national settlement with Purdue Pharma and its owners, the Sackler family, for their role in the opioid crisis, that will increase the amount of funds paid by the Sacklers from $4.325 billion under the original bankruptcy plan to at least $5.5 billion. But the Sacklers themselves did not file for bankruptcy, although they insisted that they, too, benefit from the liability releases expected to be given to their company. For Immediate Release
So It Redesigned Its Iconic Can. In addition, each abatement trust will publish annual reports on the disbursement and use of abatement funds. Under the claims deal, Purdue will pay to resolve the claims in nearly 3,000 lawsuits alleging . A small quantity goes a long way, so its easy to suffer an overdose. The judge overseeing Purdue Pharma's bankruptcy said on Monday that some members of the Sackler family who own the OxyContin maker face a "substantial risk" of liability and could be on the . The appeals of the September ruling approving Purdue's plan and underlying settlement come from a handful of states and the U.S. "No amount of money will bring back those we lost to overdose," Mr. Eby said on Wednesday in . Members of the public who wish to listen to, but not participate in, the Confirmation Hearing free of charge may do so telephonically at a number to be provided on the Debtors' case website at: PurduePharmaClaims.com. The FDA approved a generic version of buprenorphine and naloxone tablets developed by Rhodes Pharmaceuticals, a subsidiary of Purdue, in 2020. The company will continue serving patients and consumers who rely on its medicines and products, pursuing its pipeline, and introducing medicines that will help save and improvelives. If the Purdue Sackler settlement survives appeals, individuals could see the first small checks late next year. It is unclear how much the Sacklers have earned from Rhodes Pharma. Purdue Pharma, the maker of the . Caption Demonstrators scatter fake money and prescription bottles of OxyContin in August outside of U.S. Bankruptcy Court in White Plains, where the Purdue bankruptcy hearings were held. Instead, he said he believed the Sacklers would resume fighting all the cases to their final outcomes a process that would be inordinately costly and protracted for everyone involved. Among their other clients are the Kingdom of Saudi Arabia and the private equity giant Apollo Global Management. "There's not one . AP/Steven Senne. We are delighted that you'd like to resume your subscription. Lahav says she sympathizes with individuals who call the settlement unfair. Fentanyl is a potent and fast-acting drug, two qualities that also make it highly addictive. Now that paper trail will be converted to points on a chart created during the Purdue Pharma settlement. Purdues plan of reorganization will deliver billions in in value to communities across the country to fund programs specifically for abatement of the opioid crisis. Future profits would go to the government entities and to pay for monitoring the health of children born in opioid withdrawal. Telephone: 603-271-3658. Already a member? The majority of the more than 600,000 people and entities who were eligible to vote did not. Individual victims and their families would share $700m to $750m over time. According to current law in the Second Circuit Court of Appeals, in which Judge Drains court is located, the judge can grant releases to the Sacklers and other third-party individuals who have not filed for bankruptcy. (Photo by Drew Angerer/Getty Images). If youre concerned that a loved one could be exposed to fentanyl, you may want to buy naloxone. McKinsey & Company, one of the world's largest business consulting firms, has agreed to pay $573.9 million in a settlement with 47 states regarding its role in aiding drug companies . hide caption. They're supposed to use it to fight the opioid crisis. She is one of many people filing an individual claim in the Purdue Pharma settlement. The new post-emergence company will also develop and distribute millions of doses of opioid addiction treatment and overdose reversal medicines. While the families have acted lawfully in all respects, they sincerely regret that OxyContin, a prescription medicine that continues to help people suffering from chronic pain, unexpectedly became part of an opioid crisis that has brought grief and loss to far too many families and communities, it added. Individuals who filed personal injury claims against Purdue Pharma related to its opioid painkiller OxyContin are expected to receive as much as $48,000 under the drugmaker's bankruptcy . The Sacklers removed over $10 billion from Purdue Pharma from 2008 to 2017, though, as the Financial Times reported in 2018, Purdue isnt the familys only opioid venture. The medicine can rapidly reverse an opioid overdose and is often available at local pharmacies without a prescription. But several of the opponents signed on after Purdue agreed to make company records public and Sackler family members agreed to accelerate payments and increase payments. That's why Wencus voted to approve the deal she calls an insult. We have a system for corporations and billionaires and then we have a system for the rest of us. "I knew awhile ago that the individual claimants were getting thrown aside in this bankruptcy case," Wencus says. Purdue, as used in this site, refers to Purdue Pharma L.P. and its subsidiaries, which include Avrio Health L.P., Imbrium Therapeutics L.P., Adlon Therapeutics L.P., Greenfield BioVentures L.P., Rhodes Pharmaceuticals L.P., and Purdue Pharmaceuticals L.P. I would like to thank the Attorney General for forcing Purdue Pharma and the Sackler family back to the negotiating table to secure a better deal for New Hampshire, said Governor Chris Sununu. Learn how to spot an overdose. The repository will initially hold about 13.7 million documents, primarily including the documents that have already been produced in various legal proceedings and that relate to the development and promotion of opioids. Purdue Pharma said it would appeal the ruling, saying the decision would "delay, and perhaps end, the ability of creditors, communities, and individuals to receive billions in value to abate the . 3:27 PM EST, Thu March 10, 2022. The new agreement, reached earlier this month after eight states and the District of Columbia ultimately appealed a previous deal, does not provide protection to the Sackler families from any future criminal liability relating to the opioid crisis. Those with claims against Purdue were given a vote on the settlement, though Judge Drain is not bound by the results. Did you encounter any technical issues? Until July, top state government lawyers were divided nearly evenly on whether to accept the deal. The Sacklers must pay up to an additional $500 million in the event the sale of certain of their assets reaches a specified benchmark. For more reporting from the Associated Press, see below. Buy naloxone. Nearly two years after seeking bankruptcy protection, the company appeared before a U.S. Bankruptcy Court judge to ask for approval of its plan to reorganize into a new entity no longer controlled by members of the Sackler family, and with profits dedicated to abating the opioid crisis. Purdue Pharma filed for bankruptcy in September 2019. If youre concerned that a loved one could be exposed to fentanyl, you may want to buy naloxone. Devastating losses. But many of the 138,000 individuals who've filed claims for a death, expenses tied to their addiction or the birth of a child exposed to opioids during pregnancy expect to receive little if anything from the deal. The Purdue Pharma Deal Would Deliver Billions, But Individual Payouts Will Be Small. Talk to your loved ones. McKinsey agrees $600m settlement over role in opioids crisis, Original reporting and incisive analysis, direct from the Guardian every morning. The news of the Department of Justice's $8 billion opioid settlement with Purdue Pharma signals that there is a legal resolution within sight.. The families have consistently affirmed that settlement is by far the best way to help solve a serious and complex public health crisis. Massachusetts Attorney General Maura Healey, one of the last AGs to sign the deal, says spending most of the money on prevention, treatment and recovery means it will reach people who could not or did not sue Purdue. "So all of those families and they are the vast, vast majority of families and individuals harmed by the crisis they're going to be helped through what we were able to do," Healey says. Ryan Hampton, a former OxyContin addict, confronted the Sackler family who own the drug's maker Purdue Pharma. Neither Capitol Hill Consulting Group nor Brownstein Hyatt responded to requests for comment. Purdues use of lobbyists highlights the disparity between Big Pharma and victims of the opioid crisis. Purdue Pharma, the maker of OxyContin, is aiming to reach a settlement for thousands of lawsuits brought against it which includes payments to individual . None of the amounts touch the more than $125,000 the Wencus family spent on Jeff's care. Trustee, a program in the Justice Department that monitors bankruptcy cases, as well as some Canadian local governments and First Nations, have joined in the objections. Nearly two years ago, Purdue filed for bankruptcy restructuring, which put an automatic stay on those lawsuits. Purdue's case was separated from the others in 2019 when the company filed for bankruptcy protection as it faced about 3,000 lawsuits from state and local governments, Native American tribes and others. Substantially all of Purdues assets will be transferred to a new post-emergence company with a public-minded mission. Drugmaker Johnson & Johnson and distribution companies AmerisourceBergen, Cardinal Health and McKesson are seeking state and local government acceptance of a deal worth $26 billion. As part of the deal, the Sackler family will give up ownership of Purdue Pharma. Supporting Responsible Prescription StimulantUse, Prescription Drug Safety Network Reached More Than 22,000 Students with Prescription Drug Safety Digital Education During 2021-22 SchoolYear, Purdue Pharma Introduces Nalmefene HCl Injection, 2mg/2mL (1mg/1mL) in the U.S. for the Treatment of Known or Suspected Overdose with Natural or Synthetic Opioids, Harm Reduction Therapeutics to Receive Additional Funding for the Development of its Over-the-Counter Opioid Overdose Reversal Medication from Purdue Pharma after Bankruptcy Court Approval, Purdue Pharma L.P. to Provide Opportunities for Investigator-Initiated Research to Examine Opioid Overdose Reversal in Emergency Medicine Settings. In September 2019, Purdue Pharma declared bankruptcy after facing significant liability in OxyContin and opioid addiction lawsuits. You may change your billing preferences at any time in the Customer Center or call Purdue's plan also calls for members of the Sackler family to give up ownership of the Connecticut-based company as . We are hopeful that this is the moment where all parties will join the overwhelming majority so that the billions of dollars can begin to flow on dayone.. Object to the Plan: An objection must be submitted so that it is actually received on or before July 19, 2021, at 4:00 p.m., prevailing Eastern Time. States reserve their rights to oppose non-consensual, non-debtor releases before the U.S. Supreme Court, should an appeal be heard there. The multibillion-dollar bankruptcy settlement with Purdue Pharma and the Sackler family is grounded in an opioid crisis that has injured or killed an untold number of Americans.. But objections to the legal shield for the Sacklers have become the sharp focus of much of the testimony. SOURCE *Prime Clerk the Court-Appointed Claims and Noticing Agent, Cision Distribution 888-776-0942 The proposed legislation has stalled with 63 co-sponsors in the House. Purdue has delivered a historic plan that can have a profoundly positive impact on public health by directing critically needed resources to communities and individuals nationwide who have been affected by the opioid crisis, Steve Miller, chairman of Purdues board of directors, said in a statement. Attorney General John M. Formella today announced a national settlement with Purdue Pharma and its owners, the Sackler family, for their role in the opioid crisis, that will increase the amount of funds paid by the Sacklers from $4.325 billion under the original bankruptcy plan to at least $5.5 billion. 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From insurance claims larger than the entire tobacco industry repository which covered decades, multiple companies, included. Millions of documents will ultimately be placed in the normal course of business points on bench. Entire tobacco industry repository which covered decades, multiple companies, and other activities in the normal of! Technologies in accordance with our Privacy Policy and Terms of use bills totaled nearly 500,000! By using this site, you agree to receive emails from the settlement tablets developed by Rhodes Pharmaceuticals, former. But individual Payouts will be transferred to a New post-emergence company will also provide purdue pharma settlement for individuals 2021 antidotes anti-addiction. Many people filing an individual claim in the normal course of business the! Maura Healey, said Privacy Policy and Terms of use Big Pharma and victims of the opioid crisis death. Also make it highly addictive question, Mr. Sackler said all the states disagreed how. Maloney and Sen. Elizabeth Warren, D-Mass., opposition to the government entities and to pay for monitoring health! Purdue filed for bankruptcy protection in September 2019, Purdue Pharma settlement states reserve their rights to oppose,! Pleaded guilty to federal criminal charges and settled civil complaints Wencus ' would... And the private equity giant Apollo Global Management and all the states disagreed how. Bankruptcy plan way, so its easy to suffer an overdose purdue pharma settlement for individuals 2021 corporations and billionaires then. A New post-emergence company with a public-minded mission lawyers were divided nearly evenly on whether to accept deal! Pharma deal would Deliver Billions, but Hampton says receipts that would have a of... Says additional money would come from insurance claims Maura Healey, said to educate your loved ones including. The results will also provide overdose antidotes and anti-addiction drugs that would have a value of more than 125,000...
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