Facing 1000s Of Lawsuits, Oxycontin Maker Purdue Weighs Bankruptcy Filing

Discussion in 'Veterinary Discussion' started by Admin, Mar 5, 2019.

By Admin on Mar 5, 2019 at 7:44 AM
  1. Admin

    Admin Administrator Staff Member

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    Stamford-based Purdue Pharmaceuticals, which is facing thousands of lawsuits pertaining to its role in stoking the opioid epidemic that has been blamed for the surge in drug overdose deaths, is taking a page out of embattled Cali utility PG&E's book.

    Like the embattled utility, the drug company, which is privately owned and controlled by the billionaire Sackler family, is considering filing chapter 11 bankruptcy to halt the mountain of lawsuits and negotiate its legal claims with plaintiffs.

    Read morehttps://www.zerohedge.com/news/2019...ycontin-maker-purdue-weighs-bankruptcy-filing
     

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Discussion in 'Veterinary Discussion' started by Admin, Mar 5, 2019.

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