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...The notorious Purdue Pharma case was also selectively filed in a one-judge venue in an apparent attempt to benefit from the presiding judge’s previous rulings in other cases that would allow the Sackler...
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
...The US’s most controversial bankrupt is Purdue Pharma....
...Members of the Sackler family who own Purdue Pharma can be shielded from lawsuits linked to the US opioid crisis in exchange for payments worth up to $6bn, appellate judges have ruled in a reversal of a...
...She points to the case of Purdue Pharma, the pharmaceutical company controlled by certain members of the philanthropic Sackler family criticised for its part in the US opioid painkiller crisis....
...Members of the Sackler family who own Purdue Pharma have offered up to $6bn to resolve the company’s bankruptcy settlement, two months after a federal judge overturned it due to a provision that protected...
...of creditors, communities, and individuals to receive billions in value to abate the opioid crisis,” said Steve Miller, chair of Purdue Pharma....
...The Sacklers’ family-founded company, Purdue Pharma, manufactured and marketed OxyContin, a highly addictive pain medication that has been at the centre of America’s opioid epidemic....
...David Sackler joined the Purdue Pharma board in 2012. He was not a member of the board in 2007 as wrongly stated in an article on August 9....
...Phil Weiser, Colorado’s attorney-general, noted that McKinsey had been advising governments on how to deal with the epidemic at the same time as it was advising the likes of Purdue Pharma on how to boost...
...The company argued the bankruptcy settlement is the best solution, in part because there have been no offers to buy Purdue Pharma....
...They had pursued McKinsey for its role in helping Purdue Pharma and others peddle the opioids that fuelled a nationwide addiction crisis....
...But Purdue Pharma and the members of the Sackler family still face lawsuits from states and counties across the US....
...Purdue Pharma, now in bankruptcy, pleaded guilty to criminal charges for its handling of the painkiller OxyContin, which addicted vast numbers of people....
...Increased focus on the home, reversing some L-T adverse trends....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...In the case of the Sackler family, some of whom own Purdue Pharma — who appear to have used their philanthropy to burnish their reputations with one hand while fanning the flames of the opioid epidemic with...
...Purdue Pharma values its cash, assets and pipeline of drugs at $3.5bn and its offer of free opioid-reversal medicines at $4.5bn....
...JPMorgan Chase has dropped its client Purdue Pharma, the OxyContin maker, which has been accused in thousands of lawsuits of fuelling the US opioid crisis....
...If you're in senior management and moving jobs or you know someone who is, let us know about it at quote@ft.com Beyond the Square Mile Purdue Pharma, the OxyContin maker owned by the Sackler family,...
...(FT) Purdue claims bankruptcy Purdue Pharma, the opioid maker owned by members of the Sackler family, has filed for bankruptcy, as it hopes to force holdout states to accept its offer to settle litigation...
...It was the first to name the Sackler family, when the majority of earlier suits named just Purdue Pharma....
...Purdue Pharma has announced that the US drug regulator plans to fast track its new treatment for suspected opioid overdoses, pledging to try to address the opioid crisis it is blamed for helping to stoke...
...Purdue Pharma and its owners, the Sackler family, did not admit guilt in the civil settlement....
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