Purdue Pharma Is Dissolved and Sacklers Pay $4.5 Billion to Settle Opioid Claims
Purdue Pharma, the maker of the highly addictive painkiller OxyContin, was dissolved on Wednesday in a wide-ranging bankruptcy settlement that will also require the company’s owners, members of the Sackler family, to turn over billions of their fortune to address the deadly opioid epidemic.
But the agreement includes a much-disputed condition: It largely absolves the Sacklers of Purdue opioid-related liability. And as such, they will remain among the richest families in the country.
The settlement terms have been harshly criticized for shielding the Sacklers. They are receiving protections that are typically given to companies that emerge from bankruptcy, but not necessarily to owners who, like the Sacklers, do not themselves file for bankruptcy.
DRAIN
THE
SWAMP
(MAGA are likely well -represented in the class of victims)
Judge Drain delivered his ruling orally from the bench in a marathon session that ran to six hours, meticulously working through his reasoning in a case he called the most complex he had ever faced. “This is a bitter result,” he said. “B-I-T-T-E-R,” he spelled out, explaining that he was incredibly frustrated that so much of the Sackler money was parked in offshore accounts. He said he had expected and wished for a higher settlement.
(how many of you have offshore accounts?)
and this . . which makes the Javas of the world look like even bigger clowns than they are
"The Purdue settlement aligns with what some experts predicted from the outset: The money extracted through litigation will not be sufficient to cover the costs of the epidemic — including for law enforcement, treatment and social services — which some economists put in the trillions.
NO ONE IS TRYING TO DENY PEOPLE IN PAIN THEIR RIGHT TO PAIN MEDICINE OR EVEN THEIR RIGHT TO BECOME ADDCITED ZOMBIES . . . ITS THE COST . . TO SOCIETY . . keep voting for your tax cuts lol
