Purdue Pharma L.p
Big Business |
Health & Pharma
201 Tresser Blvd, Stamford, CT 06901
Recent News About Purdue Pharma L.p
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WHITE PLAINS, New York – A federal bankruptcy judge has given conditional approval to a $10 billion bankruptcy plan for Purdue Pharma to settle more than 3,000 lawsuits about the company’s role in the national opioid crisis.
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CHARLESTON – While a bipartisan group of state attorneys general have announced a tentative $26 billion settlement with four drug companies over their roles in the opioid epidemic, West Virginia will not be a part of the agreement.
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CHARLESTON — West Virginia Attorney General Patrick Morrisey says he will vote against confirming Purdue Pharma’s bankruptcy plan.
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CHARLESTON — West Virginia Attorney General Patrick Morrisey reiterated his opposition to how a multibillion-dollar settlement with Purdue Pharma may be split among states, while he also applauded news that continued negotiations have yielded commitments for more money and greater accountability as part of the proposed settlement.
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CHARLESTON -- West Virginia Attorney General Patrick Morrisey says he wants to do what’s best for the state, and he doesn’t know if that means signing off on Purdue Pharma’s $7 billion bankruptcy plan.
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WASHINGTON (Legal Newsline) - A $574 million settlement between the McKinsey & Co. consulting firm and state attorneys general includes a $15 million payment to their professional group, the National Association of Attorneys General.
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WHITE PLAINS, N.Y. (Legal Newsline) - Fighting has erupted among creditors in the multibillion-dollar Purdue Pharma bankruptcy, as attorneys representing individual claimants and other creditors object to paying millions of dollars in fees to private lawyers representing governmental claimants - including thousands of municipalities with federal lawsuits against the opioid industry.
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WHITE PLAINS, N.Y. (Legal Newsline) - The judge overseeing Purdue Pharma’s bankruptcy granted the OxyContin maker and its controlling Sackler family a six-month stay of opioid litigation as they try to negotiate a $10 billion-plus settlement of all outstanding claims.
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COLUMBUS, Ohio (Legal Newsline) - Ohio Attorney General Dave Yost has warned his fellow AGs that a reported $50 billion settlement of opioid claims will fall apart unless the states demand tight controls on fees to private lawyers and make sure the rest of the money is directed toward programs designed to address the opioid crisis, instead of state general funds.
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WHITE PLAINS, N.Y. (Legal Newsline) - The federal bankruptcy judge overseeing Purdue Pharma’s Chapter 11 bankruptcy reorganization granted the OxyContin manufacturer and its controlling Sackler family a two-week respite from opioid litigation to work on a settlement that appeases warring state attorneys general and a growing list of municipal and private plaintiffs.
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WHITE PLAINS, N.Y. (Legal Newsline) - Purdue Pharma filed for bankruptcy protection, as expected, setting off an expensive process the company says is the only way to “bring order to the unrelenting chaos” of “piecemeal litigation” against it.
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CLEVELAND (Legal Newsline) - The federal judge overseeing multidistrict litigation against opioid manufacturers and distributors left little doubt he supports a plan developed by private lawyers to assemble an unprecedented “negotiating class” consisting of every city and county in the U.S.
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MOUNDSVILLE — Eight more cases that were filed against Purdue Pharma and other drug manufacturers were transferred to the state's Mass Litigation Panel.
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MADISON – Purdue Pharma says a recent decision to dismiss a North Dakota case shows a newly filed lawsuit by West Virginia and other states is flawed.
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CHARLESTON — West Virginia Attorney General Patrick Morrisey announced a lawsuit May 16 against Purdue Pharma and its former CEO for the marketing of opioids. West Virginia is one of five states to sue Purdue for its actions.
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MOUNDSVILLE — Thirty-seven hospitals in West Virginia and Kentucky are suing opioid manufacturers and distributors they claim caused the crisis in the area.
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The judge overseeing multidistrict litigation against the opioid industry has given plaintiffs a stark choice on a tight deadline: Hand over evidence of specific prescriptions they believe were improper or lose the right to present such evidence forever.
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A magistrate judge recommended that a bellwether trial against the opioid industry proceed, rejecting nearly all the arguments presented by manufacturers, distributors and retailers in their motions to dismiss hundreds of lawsuits accusing them of causing a national crisis.
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Several Pennsylvania counties are fighting to keep control of their opioid lawsuits as the national law firm Simmons Hanly Conroy, with the active support of the companies it is suing, seeks to create what a rival attorney calls a litigation "cesspool."
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TALLAHASSEE, Fla. (Legal Newsline) - The latest wave of state lawsuits over the opioid crisis illustrates sharp differences emerging in how governments litigate these cases, both in whom they choose to sue and whether private lawyers stand to get a piece of the action.
