Settlement Offer Amount News Today

Well, today nbc news was the first to break the story that purdue pharma has had a new idea. today theyve decided they will offer a $10 to $12 billion payout to settle all of those federal lawsuits that have been consolidated in ohio. $10 to $12 billion, billion with a "b." this is from nbcs scoop today. quote, purdue pharmas legal team informed the assembled plaintiffs attorneys that if they didnt take the potential settlement the company would go ahead and declare bankruptcy. the companys lawy...

Team informed the assembled plaintiffs teams that if they didnt take the settlement, they would go ahead and declare bankruptcy. a standard bankruptcy would be considerably lower than the current settlement offer amount. so if they dont reach a settlement before then, purdue pharma is due in federal court in october to face down those thousands of lawsuits. theyre now saying, here, heres what well pay you, either take it or maybe youll get nothing. this news out of nbc today seems to confirm tha...