Committee Pitches Concept to Settle all Opioid Lawsuits
|10/21/2019||Posted by BusinessMediaguide.Com under General World News||
A committee guiding OxyContin maker Purdue Pharma’s bankruptcy has suggested other drugmakers, distributors and pharmacy chains use Purdue’s bankruptcy proceedings to settle more than 2,000 lawsuits seeking to hold the drug industry accountable for the national opioid crisis.
The committee of unsecured creditors said in a letter sent Sunday to the parties and obtained by The Associated Press that the country “is in the grips of a crisis that must be addressed, and that doing so may require creative approaches.”
It’s calling for all the companies to put money into a fund in exchange for having all their lawsuits resolved.
The committee includes read more >>>