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posted by janrinok on Tuesday September 10 2019, @02:58AM   Printer-friendly
from the what-a-pain dept.

https://abcnews.go.com/Health/wireStory/opioid-talks-impasse-purdue-bankruptcy-filing-expected-65456920

OxyContin maker Purdue Pharma is expected to file for bankruptcy after settlement talks over the nation's deadly overdose crisis hit an impasse, attorneys general involved in the talks said Saturday.

The breakdown puts the first federal trial over the opioid epidemic on track to begin next month, likely without Purdue, and sets the stage for a complex legal drama involving nearly every state and hundreds of local governments.

Purdue, the family that owns the company and a group of state attorneys general had been trying for months to find a way to avoid trial and determine Purdue's responsibility for a crisis that has cost 400,000 American lives over the past two decades.

An email from the attorneys general of Tennessee and North Carolina, obtained by The Associated Press, said that Purdue and the Sackler family had rejected two offers from the states over how payments under any settlement would be handled and that the family declined to offer counterproposals.

"As a result, the negotiations are at an impasse, and we expect Purdue to file for bankruptcy protection imminently," Tennessee Attorney General Herbert Slatery and North Carolina Attorney General Josh Stein wrote in their message, which was sent to update attorneys general throughout the country on the status of the talks.

[...] The impasse in the talks comes about six weeks before the scheduled start of the first federal trial under the Cleveland litigation, overseen by U.S. District Judge Dan Polster. That trial will hear claims about the toll the opioid epidemic has taken on two Ohio counties, Cuyahoga and Summit.

A bankruptcy filing by Purdue would most certainly remove the company from that trial.

The bankruptcy judge would have wide discretion on how to proceed. That could include allowing the claims against other drugmakers, distributors and pharmacies to move ahead while Purdue's cases are handled separately. Three other manufacturers have already settled with the two Ohio counties to avoid the initial trial.

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  • (Score: 4, Informative) by barbara hudson on Tuesday September 10 2019, @07:31PM

    by barbara hudson (6443) <barbara.Jane.hudson@icloud.com> on Tuesday September 10 2019, @07:31PM (#892315) Journal

    It's never been shown that drugs help depression, despite their use for 60 years. The UN has recommended that people stop that shit of medicalizing depression.

    It's time we realize that people will be depressed when their lives go to shit, and drugging their brains so it doesn't bother them so much doesn't fix the underlying problems, which are almost always socio-economic in nature.

    If antidepressants cured depression, we wouldn't have more than 10% of the world's adult population on them, and on a treadmill of ever-increasing doses and changes in drug cocktails.

    The whole "dopamine-serotonin" link has never been proven. People with naturally low levels of serotonin in the brain aren't depressed. It's a fairy tail, and people are getting permanently fucked up by it, same as Oxycontin.

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