Purdue Pharmas $7B opioid settlement is set for votes from victims and cities
OxyContin manufacturer PurDe Pharma 7 billion dollars of plus plan to solve thousands of cases Passing of opioids After a judge’s decision on Friday, it will be sent to local governments, people who are dependent on the drug and other affected groups.
. Country Settlement The US bankruptcy judge Sean Lane was beaten in negotiations between the company, the groups that have sued and the representatives of the members of the Sackler family.
Lane did not accept the plan itself on Friday – it is enough to decide only with the voting procedures of the information to be given to the voters.
Children’s families who are born to withdraw for state institutions, emergency service doctors, insurers, strong prescription painkillers, individual victims and their families and others will have until 30 September to vote whether they will accept the agreement.
The settlement is only a way of avoiding trials with demands from the states and more than a total of 2 trillion dollars.
This month, they announced that they signed 49 state proposals. Oklahoma, which has a separate agreement with the company, is not included.
If approved, the settlement will be among the largest of the wave of case in the last decade, because governments and others will try to keep the drug producers, wholesalers and pharmacies responsible for the Opioid epidemic that began to rise during the years after Oksycontin was released in 1996, most of the other settlements, most of the other settlements and most of the other settlements. fight the crisis.
In the early 2000s, most of the opioid deaths were linked to prescription drugs including oxicontine. Since then, he has been the largest killers of heroin and later illegally produced. In some years, the pharmaceutical class was linked to more than 80,000 deaths, but this number fell sharply last year.
Last year, US Supreme Court rejected A version of PurDie’s recommended settlement. The court found that it was inappropriate to protect the members of the Sackler family for bankruptcy protection, but to protect the cases on opioids.
In the new version, groups that did not prefer the settlement would have the right to sue the members of the wealthy family who decorated the museum galleries around the world and the programs at several prestigious US universities.
Within the scope of the plan, Sackler family members would give up the ownership of Purdu. The company resigned from the board of directors and stopped receiving distribution from the funds before applying the company’s first bankruptcy in 2019. The remaining being was dedicated to fighting against the epidemic of the profit.
Most of the money would go to the state and local governments to address the dependence and overdose crisis of the country, but potentially would go directly to individual victims of $ 900 million. This makes him different from other large settlements.
Payments shall not start until after a hearing in which Lane will be asked to approve the whole plan if the parties affected sufficiently have the same agreement.
