SoylentNews is people
SoylentNews
Submitted via IRC for Bytram
Sacklers threaten to scrap opioid deal if they aren't shielded from lawsuits
Lawyers for OxyContin-maker Purdue Pharma filed a new complaint late Wednesday threatening that the company's mega-rich owners, the Sackler family, could pull out of a proposed multi-billion-dollar opioid settlement deal if a bankruptcy judge doesn't shield the family from outstanding state lawsuits.
Purdue's lawyers argue that if the lawsuits continue, the Sacklers will have to waste "hundreds of millions of dollars" on legal costs that could otherwise go to claimants in the settlement. The family's lawyers added that in that event, the family "may be unwilling—or unable—to make the billions of dollars of contributions" to the proposed settlement.
State attorneys general, however, argue that the tactic is yet another move designed to shield the Sacklers and their ill-gotten wealth.
"This filing isn't a surprise. It's yet another effort by Purdue to avoid accountability and shield the Sackler family fortune, and we will be opposing it," Maura Healey, the attorney general of Massachusetts, told the New York Times.
Related:
- Makers of OxiCotin, Purdue Pharma, Files Reorganization Chapter 11 "Bankrupty"
- Opioid Talks Fail, Purdue Bankruptcy Filing Expected
(Score: 1, Interesting) by Anonymous Coward on Sunday September 22 2019, @02:40AM (3 children)
So you're saying ...
... the FDA were asleep at the switch, but because they're "public servants" (whatever the hell that means) they're off the hook?
Great. First place to cut the federal budget starts with those wastes of space.
Oh, wait, it's only private individuals that get fucked by piercing the corporate veil when governments get grabby with cash. Because lord knows they're not actually willing to consider a harm reduction approach. That would give way too many rights back to the muddy little peons who need to step back in line.
(Score: 0) by Anonymous Coward on Sunday September 22 2019, @02:53AM
Yes, let's throw the baby out with the bath water.
(Score: 2) by stretch611 on Sunday September 22 2019, @04:29AM (1 child)
What fault of it is the FDA, if all the mandatory studies handed to them contained flawed or incomplete data?
Or do you somehow think that they told the FDA the truth while lying to all the Doctors?
Now with 5 covid vaccine shots/boosters altering my DNA :P
(Score: 2, Insightful) by khallow on Sunday September 22 2019, @12:14PM
It's their job to make sure those mandatory studies didn't contain flawed or incomplete data. After all, who is mandating those studies in the first place?