opioid crisis News

Billionaire Sacklers Don’t Deserve Bankruptcy Shield, States Say

Two dozen U.S. states urged a bankruptcy judge to let them revive their stalled lawsuits against the billionaire owners of Purdue Pharma LP, saying keeping the opioid litigation on ice sends a message that wealthy people can escape justice. The …

Opioid Companies Say Lawyers’ Fee Demand Threatens Settlement Talks

Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be “severely” jeopardized if plaintiffs’ lawyers are allowed to assess a fee payment worth billions of …

Sacklers Withdrew $10 Billion Out of Purdue, Report Finds

Opponents of the Sackler family’s offer to settle opioid lawsuits against Purdue Pharma LP for about $10 billion say a new report showing the clan withdrew more than that out of the drugmaker over the last decade confirms their reasons …

Home Depot Links Thefts to Opioid Crisis

Home Depot Inc. executives said the nation’s opioid crisis could be contributing to an unexpected surge in thefts from its stores and warehouses. The company said distribution centers that house its goods and those of other retailers have been targets …

U.S. Appeals Court Will Not Disqualify Judge in Opioid Cases or Delay Trial

A federal appeals court on Thursday cleared the way for a landmark trial over the nation’s opioid crisis, rejecting a bid by eight drug retailers and distributors to disqualify the judge, and a request by Ohio and other U.S. states …

Purdue’s Sacklers Get Closer to an Opioid Trial in Massachusetts

Purdue Pharma LP’s billionaire owners, the Sackler family, are a step closer to a trial in Massachusetts over their role in the opioid epidemic, after a judge said the state had made credible allegations of misconduct in marketing of the …

Cost of Opioid Crisis ‘Dwarfs’ Drugmakers’ Resources, N.Y. Says

The public cost of coping with the opioid crisis in the U.S. “dwarfs” the combined resources of the companies sued for allegedly causing the epidemic, including OxyContin maker Purdue Pharma LP, a lawyer for New York State told a judge. …

Purdue, Sacklers Seek to Use Bankruptcy as Shield From Suits

The first big fight in Purdue Pharma LP’s bankruptcy case is taking shape as states and cities across the U.S. challenge a request by the drug maker and its billionaire owners, the Sackler family, for an injunction to block lawsuits …

Purdue Opioid Deal May Be Worth Less Than Drugmaker Promised

Purdue Pharma LP’s deal to escape thousands of lawsuits over its role in the U.S. opioid crisis may provide less than half the $10 billion that the closely held drugmaker projected in its Chapter 11 filing, said three people familiar …

Viewpoint: Will Purdue’s Bankruptcy Engulf Its Owners?

The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it. The Sackler family owns Purdue Pharma, …