Last Week Purdue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Are those already being tapped on to make up for the loss in production right now? if they're not, what price would that happen? >> i think the president was spot-on when he said that it would be available if needed. n. i think we're yet a little premature in making any comments. >> significant from the energy secretary that it's premature to open up the strategic reserves, we're watching that. we're also watching something else that's affecting a lot of people across the country, the fight to hold purdue pharma accountable for the opioid drug crisis. overnight the company is filing for bankru...

Revert to the litigation and we could expend all of the resources of the company battling all these lawsuits. >> but attorneys general all across the country are holding their ground. massachusetts attorney general telling nbc news this morning out of business is exactly where purdue pharma belongs. but if they think they can use bankruptcy to es kacape accountability after creating the worst public health crisis of our time, they're mistaken. i want to turn to kate snow. this move is controversial by purdue. >> it's not unexpected. >> right. >> remember, hallie, last week purdue was trying to...

Transfers, fueling claims the owners were trying to hide assets. on sunday the purdue board voted to go ahead with a bankruptcy filing as a framework for a settlement, purdue releasing a statement overnight saying in part this settlement framework avoids wasting billions of dollars but will provide billions of dollars and critical resources across the country to help with the opioid crisis. they released a statement saying we have deep compassion for the victims of the opioid crisis. and calling the settlement a historic step in trying to help with the situation. thousands of plaintiffs and al...

Chapter 11 bankruptcy, a move seen as the next step in trying to settle more than 2,600 lawsuits from states, counties and cities who blame the drug maker for aggressively marketing painkillers and failing to warn people about the risks. purdue offered a potential agreement valued at $10 billion to $12 billion. the company would have dissolved and reformed with future profits going to the plaintiffs. the sackler family the 19th richest in the country would have paid at least $3 billion themselves. while 23 states and a group representing all the local governments agreed to the terms nbc news c...