OxyContin maker negotiating reported $12 billion settlement

[Yo_Mama_Been_Loggin]

Purdue Pharma and the thousands of state and local governments — including the City of Everett, Snohomish County and Washington state — suing the maker of OxyContin over the nation’s deadly opioid crisis are negotiating a $10 billion to $12 billion settlement under which the Sackler family would give up ownership of the company, according to published reports.

Under the proposal, the Sacklers would contribute $3 billion of their own money toward the total, and the company would file for Chapter 11 bankruptcy and transform itself into a “public beneficiary trust,” with all profits from drug sales going to the plaintiffs, The New York Times reported Wednesday. It said a document outlining the tentative agreement was described to the newspaper.

Also, Purdue Pharma would supply its addiction treatment drugs free to the public, and the Sacklers would sell another pharmaceutical company, Mundipharma, which would add $1.5 billion to the settlement, the Times said.

In a statement, the Stamford, Connecticut-based company did not confirm any of the details — some of them also reported by NBC — but said it sees little good in years of “wasteful litigation and appeals.”

“Purdue believes a constructive global resolution is the best path forward, and the company is actively working with the state attorneys general and other plaintiffs to achieve this outcome,” it said.

Paul Farrell Jr., a lead plaintiffs’ lawyer representing local governments, said all sides remain under a gag order: “All we can confirm is that we are in active settlement discussions with Purdue.”

https://www.heraldnet.com/nation-world/oxycontin-maker-negotiating-reported-12-billion-settlement/?utm_source=DAILY+HERALD&utm_campaign=231e5902c3-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-231e5902c3-228635337

[demigoddess]

1. They should be forced to stop making it. Is that part of the

agreement? My doctor insisted I take one of those drugs. It turned out to be tylenol and oxycodone. If the oxycodone is a pain reliever why is the tylenol there? I refused to take it as prescribed.

[Wellstone ruled]

3. Way to go.

Spouse's Brother In law had to be taken to the ER as result of taking that combination. Nasty crap.

[tinrobot]

4. The reason they add Tylenol is the same reason Excedrin has Tylenol/Aspirin.

Tylenol uses a different pathway to relieve pain, so you can stack it with other types of painkillers to get more relief.

I had the same prescription as you for post-surgery recovery. My doctor gave me exactly six pills, because he didn't want me getting addicted. I only took three. Still, they helped a lot, the drug does work. I think it should stay on the market, but be much more tightly controlled.

The problem with the Sacklers is that they did a lot of underhanded stuff to purposely get patients addicted. They knowingly harmed people so they could profit.

[shanti]

8. I remember in the mid-2000's

When doctors were pushing Oxycodone. My back goes out on me periodically, and one time the doc prescribed me a big bottle of them. It didn't even touch my back pain, so I went back to my Motrin, which does work. Tylenol is useless and doesn't work for me either. I think they add the tylenol to keep people from OD'ing, as it's hard on the liver. Or so I've been told...

[RainCaster]

2. Unless the Sackler family goes into bankruptcy it isn't good enough

Their money came from dealing in addictive drugs.

Fruit of the forbidden tree and all that stuff.

They need to be homeless like so many of their victims.

[Johnny2X2X]

6. Each and every one of them should be thrown into the street

Seize their assets, leave them penniless. They purposely caused the deaths of hundreds of thousands, they knew exactly that they were killing people and they didn't care because it made them more money to hide their product's true properties. They made this exact choice, "Hey, we could market this drug honestly and make millions, or we could lie about this drug and make billions while killing thousands?" They chose to kill out of greed.

[gratuitous]

5. An agreement, huh? Who's going to jail, and for how long?

Nobody? All these victims, the dead and the destitute, and nobody's going to jail? All the money wasted, all the civic efforts to treat and cope with the citizens fucked over by Purdue Pharma and the Sacklers, and nobody's going to jail? All the heartache endured by friends and families, and nobody's going to jail? Just hand over some of the obscene profits you made, deny all liability, and walk away with billions. Because nobody's going to jail.

[Bluesaph]

7. Who gets the money?

Because if it’s one of those settlements where government and lawyers get the lions share and victims get an $80 check and no one goes to jail? Well then we all know this is bullshit.