Settlement Offer Amount News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Well, today nbc news was the first to break the story that purdue pharma has had a new idea. today they've 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 nbc's scoop today. quote, purdue pharma's legal team informed the assembled plaintiffs' attorneys that if they didn't take the potential settlement the company would go ahead and declare bankruptcy. the company's lawyers claim the value of a fully liquidated purdue pharma in a standard bankruptcy would be cons...

Team informed the assembled plaintiffs' teams that if they didn't 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 don't reach a settlement before then, purdue pharma is due in federal court in october to face down those thousands of lawsuits. they're now saying, here, here's what we'll pay you, either take it or maybe you'll get nothing. this news out of nbc today seems to confirm that purdue is actively desperately trying to avoid what they know is coming in that courtroom i...