Purdue Pharma offers billions to settle opioid claims

Purdue Pharma offers billions to settle opioid claims
Purdue Pharma offers billions to settle opioid claims

OxyContin maker Purdue Pharma is in discussions to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion US. Purdue is among several drugmakers and distributors that have been sued for fuelling an opioid addiction crisis in the United States.

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Purdue Pharma offers billions to settle opioid claims

Purdue Pharma offers billions to settle opioid claims
Purdue Pharma offers billions to settle opioid claims
Purdue Pharma, the makers of Oxycontin a painkiller at the very center of the opioid crisis, are reportedly trying to make a deal to settle thousands of lawsuits. Of course, we’re covering the story very closely this week after that Court ruling in Oklahoma against Johnson & Johnson for their role in the opioid crisis elements here and the opioid crisis Carolyn between 10 and 12 billion dollars, which is about 15 billion. Canadian privately is apparently going to have to get away from the company, give it up and pay 3 billion dollars you ass out of their own Pockets, just to make sure that they are not sued. Personally, now the majority of the money doesn’t come from their own. Personal bank accounts will come by putting Purdue Parma into chapter 11 bankruptcy and creating a company that would be called a public beneficiary trust, and that would mean all of the profits from the former Purdue Pharma would basically go back to the play, including for any opioids Sales, in addition to that, they would be setting up a new company and any kind of addiction, drugs or overdose. Drugs would have to be given to the pub for free, and this would be basically to try and settle with all the states and the communities that are suing. There are more than 2,000 outstanding lawsuits. Of course, Purdue seen as creating the seed of the opioid epidemic. Here in the US, because it’s drug Oxycontin basically started the whole math, and so this would be really quite the if it’s past the big tobacco master quantico’s back to the mid-1990s. How far away are we from having that kind of a settlement again Carolyn? And it’s not clear about whether the 3400 or so 34000, rather or so, cities and communities and Native reserves would basically have to sign off on that. In the meantime, who has given a statement is prepared to defend itself in the opioid litigation, the company has made it clear that it’s these little good coming from years of wasteful litigation and appeals disease affected by the opioid crisis need help now, and so we will Be watching this as that it unfolds very closely and thank you for the was class action lawsuit here now has the backing of provinces right across the country. Ontario has Joy, New Brunswick, Newfoundland, Nova, Scotia and Quebec in going along with a national class action lawsuit. The British Columbia is proposing recoup from pharmaceutical companies. The cost of dealing with the opioid crisis, Ontario’s attorney-general is put out the statement. British Columbia is the proposed cost recovery class action. Ontario support this effort by the findings of the Oklahoma court and its determination that the defendant’s helped fuel the states, opioid crisis,
OxyContin maker Purdue Pharma is in discussions to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion US. Purdue is among several drugmakers and distributors that have been sued for fuelling an opioid addiction crisis in the United States.

To read more: https://www.cbc.ca/1.5261606

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For breaking news on Twitter: http://bit.ly/1WjDyks
Follow CBC News on Instagram: http://bit.ly/1Z0iE7O

Download the CBC News app for iOS: http://apple.co/25mpsUz
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For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

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