OxyContin makers avoid televised courtroom trial — Settle out of court for $270 million.


Click to enlargeJustin Lane/EPA

❝ Purdue Pharma, the maker of OxyContin, and its owners, the Sackler family, agreed to pay $270 million to avoid going to a state court trial over the company’s role in the opioid addiction epidemic that has killed more than 200,000 Americans over the past two decades.

❝ The payment, negotiated to settle a case brought by the state of Oklahoma, was far larger than two previous settlements Purdue Pharma had reached with other states. It could jolt other settlement talks with the company, including those in a consolidated collection of 1600 cases overseen by a federal judge in Cleveland.

❝ “Purdue appears to have concluded that it was less risky to settle the Oklahoma case than have the allegations publicly aired against it during a televised trial and face exposure to what could have been an astronomical jury verdict,” said Abbe R. Gluck, a professor at Yale Law School who directs the Solomon Center for Health Policy and Law.

Lock ’em up and throw away the key!

4 thoughts on “OxyContin makers avoid televised courtroom trial — Settle out of court for $270 million.

  1. Update says:

    Infamous OxyContin-maker Purdue Pharma used front organizations and sponsored research to deceive the World Health Organization and corrupt global public health policies with the goal of boosting international opioid sales and profits, according to a Congressional report released Thursday, May 22. https://arstechnica.com/science/2019/05/world-health-organization-parroted-purdues-deceptive-opioid-claims-report-says/ The findings, released by Reps. Katherine Clark (D-Mass.) and Hal Rogers (R-Ky.), land as the country is still grappling with an epidemic of opioid abuse and overdoses. According to the Centers for Disease Control and Prevention, opioid overdoses kill an average of 130 Americans every day.
    “The web of influence we uncovered paints a picture of a public health organization that has been manipulated by the opioid industry,” said Rep. Clark in a statement. “The WHO appears to be lending the opioid industry its voice and credibility, and as a result, a trusted public health organization is trafficking dangerous misinformation that could lead to a global opioid epidemic.”
    See report “Corrupting Influence : Purdue and the WHO https://katherineclark.house.gov/_cache/files/a/a/aaa7536a-6db3-4192-b943-364e7c599d10/818172D42793504DD9DFE64B77A77C0E.5.22.19-who-purdue-report-final.pdf

  2. Update says:

    “Two members of the Sackler family who own OxyContin maker Purdue Pharma agreed to appear this week before a congressional committee investigating the family and the company’s role in the national opioid addiction and overdose epidemic.Thursday’s hearing before the House Oversight Committee will be the first time in years that any member of the wealthy family would take questions in public from an official body, and could be a watershed moment in the long legal and political battles over the opioid crisis, which has been linked to 470,000 deaths in the United States since 2000.” https://www.aljazeera.com/economy/2020/12/15/sackler-family-members-to-testify-before-congress-over-opioids
    (10/21/20): “Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with United States prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short of criminally charging its executives or wealthy Sackler family owners.”
    In a far-reaching agreement unveiled on Wednesday, Purdue formally admitted to criminal conduct related to the distribution of its painkillers and agreed to pay $225m to resolve US Justice Department investigations.”

    • Business as usual says:

      ‘An evil family’: Sacklers condemned as they refuse to apologize for role in opioid crisis : House committee is investigating Purdue Pharma and billionaire family’s role in epidemic that has killed almost 500,000 Americans https://www.theguardian.com/us-news/2020/dec/17/sackler-family-purdue-pharma-congressional-hearing-apology
      No individual Sacklers have been charged with crimes but six family members, including Kathe and David, and their company, have been sued by cities, counties and states across the US, accused of orchestrating and knowingly pushing deceptive practices to boost sales of OxyContin while misleading prescribers and the public about the risks of addiction and death.
      The House committee hearing is part of a congressional investigation into “the role of Purdue Pharma and the Sackler family in the opioid epidemic”.

  3. Update says:

    “Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a $10 billion plan to emerge from bankruptcy that calls for it to be transformed into a different kind of company funneling profits into the fight against the nation’s intractable opioid crisis.
    Those efforts would include a significant boost — more than $4 billion — from members of the Sackler family who own the Connecticut-based pharmaceutical giant.
    The plan, filed late Monday night in U.S. Bankruptcy Court in White Plains, N.Y., after months of negotiations, marks the company’s formal offer to settle more than 2,900 lawsuits from state and local governments, Native American tribes, hospitals and other entities.” https://www.cnbc.com/2021/03/16/oxycontin-maker-purdue-proposes-10-billion-plan-to-exit-bankruptcy.html

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