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WAS THE BANKRUPTCY filing of Purdue Pharma a way the owners of the company, the Sackler family, could protect their personal fortunes from the effects of the more than 2,000 lawsuits that have been filed against the company and the Sacklers? / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

Did the Sackler family take money out of Purdue Pharma for...

When Purdue Pharma LP filed for bankruptcy on Sept. 15, it was in no small measure to blunt the effects of the more then...
QUESTIONS ARE GROWING about the value of the proposed settlement between Purdue Pharma and a number of states and cities suing for damages caused by the opioid crisis. / BLOOMBERG NEWS FILE PHOTO/JOHN MOORE/GETTY IMAGES

Purdue opioid deal may be worth less than drugmaker promised

WILMINGTON, Del. – Purdue Pharma LP’s deal to escape thousands of lawsuits over its role in the U.S. opioid crisis may be provide less than...

CVS is Purdue’s largest listed creditor

NEW YORK – Purdue Pharma LP told a bankruptcy court it owes almost $100 million to pharmacy-benefit managers, drug distributors and state health departments in...
Purdue Pharma has filed for bankruptcy, hoping to avoid having to deal individually with more than 2,000 lawsuits stemming from the company's role in the opioid crisis. / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2,000...

WILMINGTON, Del. – Purdue Pharma LP filed for bankruptcy with a more than $10 billion plan to settle claims that it fueled the U.S....
PURDUE PHARMA has reportedly won the backing of about half of U.S. states and territories for a proposed $12 billion settlement. / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

Purdue wins backing of 23 states for opioid settlement, R.I. not...

WILMINGTON, Del. – Purdue Pharma LP won the backing of about half of U.S. states and territories for a proposed settlement of claims it...
PURDUE PHARMA's negotiations with state Attorneys General have reportedly stalled. / BLOOMBERG NEWS FILE PHOTO/GEORGE FEY

Purdue opioid settlement talks stall over Sacklers’ cash

NEW YORK – Purdue Pharma LP’s settlement talks over the drugmaker’s opioid painkillers have stalled over how much money the family that owns the...
A FEDERAL JUDGE has decided makers and distributors of opioid painkillers must face lawsuits claiming they banded together to wrongfully push sales of the addictive pills ahead of the first federal trial on the matter expected to take place next month. / BLOOMBERG NEWS FILE PHOTO/DHIRAJ SINGH

Big pharma ordered to face cities’ opioid-conspiracy claims

WILMINGTON, Del.  – Johnson & Johnson, Cardinal Health Inc. and other makers and distributors of opioid painkillers must face lawsuits claiming they banded together...
PURDUE PHARMA and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company related to the opioid epidemic for $10 billion to $12 billion. Who should receive the settlement money? / BLOOMBERG NEWS FILE PHOTO/GEORGE FEY

Who should be paid with settlement money from opioid medication producers?

On Aug. 26 an Oklahoma judge ordered health care giant Johnson & Johnson to pay the state $572 million for costs incurred in the...
PURDUE PHARMA' and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company related to the opioid epidemic for $10 billion to $12 billion. / BLOOMBERG NEWS FILE PHOTO/GEORGE FEY

NBC: Purdue Pharma, owners offer to settle suits for $10B-$12B

MIAMI – Purdue Pharma and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion...
PURDUE SUBSIDIARY: Pictured above is a sign for the Rhodes Technologies plant complex at 498 Washington St. in Coventry. Rhodes is a subsidiary of Purdue Pharma, maker of prescription painkiller OxyContin, which is the subject of multiple lawsuits nationwide taking the drug manufacturer to task for the current “opioid epidemic.”
 / PBN PHOTO/MICHAEL SALERNO

Municipal opioids lawsuits moving quickly

While a lawsuit filed by Rhode Island is moving slowly, a proposed class-action lawsuit against opioid makers by cities and counties nationwide – including...
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