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Purdue Pharma, Sackler family offer $10B-$12B to settle opioid lawsuits: Report
Fox Business ^ | Aug 27 2019 | Thomas Barrabi

Posted on 08/27/2019 10:21:58 PM PDT by rintintin

OxyContin maker Purdue Pharma has offered $10 billion to $12 billion to settle thousands of lawsuits related to its alleged role in the U.S. opioid crisis.

The proposal emerged from mediation hearings between lawyers for the Sackler family-owned pharmaceutical firm and at least 10 state attorneys general and plaintiffs’ attorneys, NBC News reported, citing sources familiar with the matter. Purdue Pharma board member David Sackler appeared at the Aug. 20 meeting in Cleveland on behalf of the Sackler family.

“While Purdue Pharma is prepared to defend itself vigorously in the opioid litigation, the company has made clear that it sees little good coming from years of wasteful litigation and appeals,” Purdue Pharma said in a statement addressing the report. “The people and communities affected by the opioid crisis need help now

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 08/27/2019 10:21:58 PM PDT by rintintin
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To: rintintin

This attack on drug makers for the opioid problem is a stalking horse for guns. Once these manufacturers are brought into line, the left will use this exact attack against gun makers.


2 posted on 08/27/2019 10:27:05 PM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: rintintin

They just paid Oklahoma 572 million. Multiply that by 50. And this offer is at going to be off by at least half.


3 posted on 08/27/2019 10:27:47 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Sgt_Schultze

Could very well be. But gun manufacturers are not scheming to get guns into criminal hands. Remington isn’t selling 300,000 rifles to one small town with a population of 1500 and not asking questions.


4 posted on 08/27/2019 10:30:08 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: rintintin

This is nuts. I have benefited from Oxys. Needed them for a week or so twice, and they made my agonizing oral pain (1) and kidney stone (2) bearable. Thank you Purdue Pharma. THEY DID NOT force unethical or criminal MDs from over prescribing them to patients with “my back hurts” whining, again and again, or steal them and sell them to drug dealers. Why aren’t doctors and hospitals being sued? all this will do is stifle future innovation. We will all suffer for it.


5 posted on 08/27/2019 10:34:10 PM PDT by montag813
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To: montag813

Wasn’t Rush hooked on one of these brands?


6 posted on 08/27/2019 10:55:07 PM PDT by rintintin
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To: rintintin

Oh good another government cash grab on the misery of Americans. Liquor tax, cigarette tax, cigarette lawsuit, now pharma lawsuit.

Will they sue the Mexican and Colombian cartels, or would that be a civil rights violation?


7 posted on 08/27/2019 11:03:48 PM PDT by monkeyshine (live and let live is dead)
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To: rintintin

Ridiculous shakedown

I’m surprised it didn’t originate in my home state of Mississippi

When do booze makers get targeted....they’d better watch out

Tobacco already milked


8 posted on 08/27/2019 11:04:51 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
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To: rintintin

He abused pain meds....I don’t think he was super particular....they are all similar from hydrocodone to oxycodone to morphine or dilaudid or codeine

If it were my choice it’d be dialaudid

Worse mistake they made was banning propoxyphene...Darvon

Excellent low level pain med which required a lot to overdose but effective


9 posted on 08/27/2019 11:08:52 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
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To: montag813

I think in this case, you have two exits. You can go and put the ‘pain’ on doctors and clinics....making them fear losing their medical license and decreasing the availability of medical care. Or, you can go after big ‘Pharma’ and make them suffer. They will react to the legal action, pay to settle, and then move the cost up by 30-percent (minimum).

In my local region where I grew up as a kid....there’s a town with a population of 700, and maybe another 4,000 in the surrounding community. The local drug store was noted in 2017 as having the highest distribution of opioids sold in that part of the state. The belief (cops never investigated this) is that a couple of local doctors wrote out the prescriptions like they were cotton-candy. The system is corrupted and it’s nearly impossible to correct this problem.


10 posted on 08/27/2019 11:13:17 PM PDT by pepsionice
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To: rintintin

I smell a collective extortion racket by many States’ Attorney Generals, some with Soros connections.

I’d fight the case forever.

Drug overdoses are caused by drug user’s carelessness, as are gun accidents in homes when a gun isn’t checked for bullets in it, is not kept under lock & key (or gunlock), or is handled recklessly.

Cars doesn’t usually cause accidents, bad/drunk/drugged up drivers do. Can we sue the carmakers for the faults of the drivers? Biggest racket in the world. Made ralph Nader rich and famous with his fake “Unsafe at Any Speed” (A leading car magazine, possibly named “Car and Driver” totally disproved his allegations about the Corvair being unsafe. Unfortunately the mainstream media ignored their data and made Nader a “Fake Hero”, just like they believe Marxist wackjob Mark Lane and his book about the JFK assassination, “Rush to Judgment”.


11 posted on 08/27/2019 11:33:48 PM PDT by MadMax, the Grinning Reaper
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To: rintintin

bill bennet was on fox tonight TRYING to bring some truth to the issue when he states that prescription opioids, when taken as prescribed, are not addictive- they have a 2% addiction rate- And people on long term prescriptions do not become addicts even though they may desire the relief they provide- There is a difference- addicts become addicted to the high- long term patients desire the relief- NOT the high

The deaths from opioids, prescription opioids that is0- are almost always due to drug ADDICTS who conned their doctors into giving them prescriptions AND combining them with illegal drugs and alcohol- that is a fact-

Again- 98% of law abiding citizens are NOT getting addicted to these drugs- This is NOT an epidemic- yet the left bring out a few of those 2% and make it seem as though nearly everyone who gets prescribed opioids becomes addicted-

The judgement in ok was a travesty! They are punishing the wrong people- the vast majority of people dying are DRUG ADDICTS who take illegal drugs- powerful illegal drugs-


12 posted on 08/27/2019 11:40:44 PM PDT by Bob434
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To: MadMax, the Grinning Reaper

[[I smell a collective extortion racket by many States’]]

That’s exactly what it is-

[[Drug overdoses are caused by drug user’s carelessness]]

Bennet said tonight very few deaths are by people taking their prescriptions as prescribed- and he’s right- and even those who do die with prescription drugs it’s very low- almost all of the deaths are due to illegal street drugs-

The lawyers handling the defendants need to get up to speed on these facts- it took me all of 5 minutes online to find the medical reports citing the low % of addiction rates- These findings were based on 1000’s of people followed for years and there were several stupefies done- peer reviewed I do believe-


13 posted on 08/27/2019 11:46:32 PM PDT by Bob434
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To: rintintin

Did these people die from the drugs or Obama Hezbollah Heroine overdose?
Where are the effing lawsuits on fast and furious, against Iran, Hezbollah, Obama and State Department?


14 posted on 08/28/2019 2:05:45 AM PDT by JudgemAll (Democrats Fed. job-security in hatse:hypocrites must be gay like us or be tested/crucified)
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To: montag813

The end result of this will be that cancer patients will have to die in agony because adequate pain medication will be too expensive or simply unobtainable. At least through legal channels. And not one nickle of this money will go to help addicts battle their demons. Just like the tobacco settlement. It is a disgusting leftist money grab.


15 posted on 08/28/2019 6:28:47 AM PDT by beef (Caution: Potential Sarcasm - Process Accordingly)
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To: rintintin

IIRC Limbaugh was hooked on Oxycontin, and he was doctor shopping to get an adequate supply. It may have contributed to his hearing issues. It is insidious stuff. But, he dealt with his demons IMHO with resolve and does not wallow in self pity over any of these challenges. That makes him a role model, IMHO.


16 posted on 08/28/2019 6:40:24 AM PDT by beef (Caution: Potential Sarcasm - Process Accordingly)
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To: DesertRhino

Oklahoma case could get appealed.
********************
Your facts are wrong according to recent reports.
The $572 million was a JUDGEMENT against Johnson & Johnson. Has not been paid. May be appealed.
Honestly, a freeper should be more careful about knowing the general details.


17 posted on 08/28/2019 6:55:42 AM PDT by Honest Nigerian
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To: wardaddy

Darvon- linked to serious heart rhythm abnormalities.


18 posted on 08/28/2019 9:40:42 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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To: Pelham

Barely

Not enough in my opinion

Anecdotal

I have had AV block and right bundle branch block forever as in born with it

My AV progressed from steady first degree with rare second degree to third degree at age 55 and what is called trifascicular heart block in which all three nerve impulse pathways from atrium to ventricles are blocked

It’s serious as in gonna die without a pacemaker

I took likely 500 Darvon or Darvocet in my life to no ill effect beyond pain relief

Ditto my aunt whose bad knees and other orthopedic maladies had her on darvon steady for 25 years and no manifestation

Propoxyphene had been used since 1957

Obama FDA


19 posted on 08/28/2019 11:28:39 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
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