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Purdue Pharma files for bankruptcy with $10B plan to settle claims

216 pointsby dingdongdingover 5 years ago

18 comments

formatkakaover 5 years ago
If anyone doesn&#x27;t know what&#x27;s going on here exactly.<p>The Sackler Family – A Secretive Billion Dollar Opioid Empire - <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=zGcKURD_osM" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=zGcKURD_osM</a>
DickingAroundover 5 years ago
I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we&#x27;re angry. Why? I don&#x27;t like that people got hurt. I also recognize that bad drugs are bad. But I can&#x27;t find a way out of &quot;tell people drugs are bad and they have to make their own choices.&quot; Is the problem here the doctors told them the bad drugs were good drugs?
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giboltover 5 years ago
Looks like they got a golden escape hatch.<p>Sounds like this arm of the company will end up controlled by a government trust. The best outcome would probably be the government running the operation at break even, lowering costs, and heavily regulating how much product it could give to hospitals.
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bgormanover 5 years ago
One naive question - why are doctors who overperscribed opiates still allowed to practice medicine?
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Havocover 5 years ago
Seems like an abuse of the limited liability. Does the US have a way to set that aside? I know other countries do
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danthemanover 5 years ago
Are the other manufacturers of oxycontin being sued too? I know that Purdue tried to underplay their role, but from the best #s I&#x27;ve seen they&#x27;ve only sold 20% of the market.<p><a href="https:&#x2F;&#x2F;www.statnews.com&#x2F;2019&#x2F;09&#x2F;09&#x2F;purdue-pharma-data-downplay-its-role-in-opioid-epidemic&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.statnews.com&#x2F;2019&#x2F;09&#x2F;09&#x2F;purdue-pharma-data-downp...</a>
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joshmnover 5 years ago
With the Sackler family funneling out money prior to this, is there any chance a judge would refuse the bankruptcy?
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paulie_aover 5 years ago
The amazing thing is when I was in legitimate pain in the hospital I couldn&#x27;t get more than Tylenol. After I was released I drove by a pain clinic and I guarantee I could have scored some oxy that day. I didn&#x27;t but it&#x27;s nuts when people that need medication can&#x27;t get a few pills.<p>Dont get me started on testorone or ADHD medication hypocrisy.
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bythckrover 5 years ago
I am legal expert but I have a logical question.<p>Shouldn&#x27;t they look at the fund the company had on the &quot;day that the lawsuit started&quot;.<p>Where ever they funneled the money, I am sure they are just look at the bank statement.
BLanenover 5 years ago
Without criminal charges, there&#x27;s no justice.
1024coreover 5 years ago
The Sacklers are running around free, enjoying their wealth, while El Chapo is in jail.
jbottomsover 5 years ago
Go To Jail, Go Directly To Jail, Do Not Pass Go. Do Not Collect $200B.
Scoundrellerover 5 years ago
SO what does this mean for non-US litigants, or future non-US litigants?
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ykmover 5 years ago
Recommended read: Dopesick from Beth Macy. For a non-American, it reads like a horror script.
tjpnzover 5 years ago
Are any of the Sackler family going to face real consequences for this?
lyspover 5 years ago
It&#x27;s ok, they&#x27;ve already moved all their billions away.<p>Their fortune is safe.
artpopover 5 years ago
How can this be legal?
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simplecomplexover 5 years ago
Great now all the opioid production and prescriptions and thus addiction will stop! Oh wait...
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