15 States Reach a $4.5B Settlement with Oxycontin Maker Purdue Pharma

Re:15 States Reach a $4.5B Settlement with Oxycontin Maker P... by jzebedee on Thursday July 08, 2021 @11:33AM (#27773278)

No admission of guilt

> According to spokesmen, two branches of the Sackler family noted that the settlement included no finding of liability or wrongdoing.

And no more lawsuits

> If Judge Robert Drain, who is presiding over the bankruptcy proceedings, certifies the plan after an August hearing, as is now widely expected, both the family and the company would be shielded from further opioid-related lawsuits.

Sounds like a good deal for Purdue Pharma.

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Re:15 States Reach a $4.5B Settlement with Oxycontin Maker P... by irateswami on Thursday July 08, 2021 @11:43AM (#27773460)

> Sounds like a good deal for Purdue Pharma.

It's a damn good deal for the sack-of-shit-Sackler family especially. They took out something to the tune of $10 BILLION from Purdue Pharma and are only on the hook for about $50 mil. Nice profit margin right there.

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Re:15 States Reach a $4.5B Settlement with Oxycontin Maker P... by crawsome on Thursday July 08, 2021 @07:39PM (#27778921)

They killed my friends with those drugs. That’s the impact they had. They deserve life behind bars.

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Re:15 States Reach a $4.5B Settlement with Oxycontin Maker P... by nceqs3 on Thursday July 08, 2021 @12:23PM (#27774195)

They are on the hook for a couple billion not $50 million.

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Re:15 States Reach a $4.5B Settlement with Oxycontin Maker P... by Red_Leaves_Flyy on Thursday July 08, 2021 @04:47PM (#27777392)

That still seems like eight billion dollars short of ten billion.

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