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Nevada to receive $56 million after Purdue bankruptcy plan upheld

The state of Nevada will get approximately $56 million after the U.S. Court of Appeals for the Second Circuit upheld the Purdue Pharma bankruptcy plan. ....

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Attorney General Tong Statement on Appeals Court Decision Enabling Purdue Settlement to Proceed

Press Releases 05/30/2023 Attorney General Tong Statement on Appeals Court Decision Enabling Purdue Settlement to Proceed (Hartford, CT) – Attorney General ....

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CNN CNN News Central June 4, 2024 14:41:00

Here is a statement from purdue that they issued once the appellate court made its decision yesterday. our creditors understand the plan is the best option to help those who need it most. the most fair and expedious way to resolve the situation specifically to fund opioid crisis abatement effort, but yes, not everyone is satisfied. they still feel individuals should have that opportunity and they do not, civilly. $6 billion. jean casarez, thank you very much. kate? a new report from the cdc laying out one of the major drivers now of food borne illnesses. restaurant workers, what you need to know coming up. ....

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CNN CNN News Central June 4, 2024 14:39:00

Thank you. john? this morning an appeals court in new york has granted the sackler family immunity in exchange for a $6 billion opioid settlement. the wealthy family will be shielded from current and future lawsuits. the drugmaker called the ruling a victory. it branded oxycontin as a non-addictive drug when it began selling it in the 1990s and they are accused of fueling the opioid crisis that has killed half a million people. jean casares, so this deal, what does it mean for the sackleres and its victims? this deal was there from the beginning as purdue pharma was about to enter into bankruptcy and the way the legal document says and i was in courts for some of these original hearings and initially before bankruptcy was filing and purdue had lawsuits and the sackleres as individual his lawsuits against them, $40 trillion of lawsuits ....

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Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules

Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company s broader. | May 30, 2023 ....

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