Email: Opioid Talks Fail, Purdue Bankruptcy Filing Expected

[TexasTowelie]

Source: AP

CLEVELAND (AP) — OxyContin maker Purdue Pharma is expected to file for bankruptcy after settlement talks over the nation's deadly overdose crisis hit an impasse, attorneys general involved in the talks said Saturday.

The breakdown puts the first federal trial over the opioid epidemic on track to begin next month, likely without Purdue, and sets the stage for a complex legal drama involving nearly every state and hundreds of local governments.

Purdue, the family that owns the company and a group of state attorneys general had been trying for months to find a way to avoid trial and determine Purdue's responsibility for a crisis that has cost 400,000 American lives over the past two decades.

An email from the attorneys general of Tennessee and North Carolina, obtained by The Associated Press, said that Purdue and the Sackler family had rejected two offers from the states over how payments under any settlement would be handled and that the family declined to offer counterproposals.

Read more: https://www.usnews.com/news/business/articles/2019-09-07/opioid-talks-at-impasse-purdue-bankruptcy-filing-expected

[crazytown]

1. If only the AG's were credit card companies

The Stackler family could not have got off the hook.

[Wellstone ruled]

2. Did anyone think this was going to end

any differently? These Suckers were telegraphing this outcome from the get go.

[cstanleytech]

3. So is the Purdue family's personal wealth at risk as well? I ask because I think its high time that

the ultra wealthy start being held more financially and criminally liable rather than treated like royalty and untouchable like so many of them have been.

[OldBaldy1701E]

5. I agree with you completely

Of course, since this country worships that little green piece of paper, we both know this in not going to happen anytime soon, if at all. The wealthy repub exodus that you are seeing the beginnings of is not going to stop with our government, as I expect all those flag waving asshats to start moving to countries that will treat them like the royalty they think they are the second our country stops doing so. 'Patriotic' is just a political hack term these days that one uses to appeal to the apparently absurd number of idiots residing in our country. I expect the Sacklers and the big wigs at Purdue to come out of this like the fat cats they are and I expect them to try and run like scalded cats the second they think we the peons are not giving them the proper worship. Watch and see... they won't be the only bottom feeders to run.

[cstanleytech]

6. Well they certainly can try to run but if things continue as they as they are they might not get far

as we could see a reenactment of the French Revolution in this country and all the money in the world won't do them any good if they end up 6 feet under.

[EarthFirst]

12. No; it is not

The way they were able to structure the settlement allowed a majority of their personal assets to be shielded from compensatory damages under Chapter 11 filings.

https://www.washingtonpost.com/health/sacklers-could-hold-on-to-most-of-personal-fortune-in-proposed-purdue-settlement/2019/08/31/4577f93a-cb71-11e9-a4f3-c081a126de70_story.html

[cstanleytech]

15. To bad. Any hope though that someone will file personal injury lawsuits against them?

[mountain grammy]

16. Exactly!

"Negotiating" a deal! Outrageous. Yes, ciminal liability is in order with fines in the billions and jail time.

[roamer65]

4. Time to start trying the owners for murder.

[PatSeg]

8. Yeah, you'd think 400,000 deaths

would be enough to warrant serious charges. Maybe it has to be half a million before they would be considered murderers.

[pecosbob]

7. I'd like to see them declared hostis humani generis

I like the visceral nature of the gibbet myself.

[LiberalArkie]

9. So the Sacklers can now buy the assets with no debts and start over?

[FakeNoose]

14. They've got so much wealth stashed away

... that they'll never need to start another business. The Sackler family have already walked away unscathed, and their money is safely out of the country and the US government can never touch their money. Their lawyers and accountants saw to that over a decade ago.

[Julian Englis]

10. Pierce the corportate veil for fraud. Claw back the Sacklers' stolen wealth & send them to prison nt

[Sudsy]

11. Some Sacklers

need to go to jail.

[SocialMediaInfluenza]

13. Good Start; now ARREST THE SACKLERS

Phucking Phony Philanthropists!

[TeamPooka]

17. Fuck the money. Throw them in jail.