While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of ‘get of jail free card,’ the reality of the legal procedure is more complicated.
Lawsuits against Purdue say its drug Oxycontin played a key role in the opioid epidemic.
Reuters/George Fre
The $270 million settlement may not mean a whole lot if Purdue files for bankruptcy as it’s reportedly considering.
The Chronic Pain Association of Canada has received money from Eli Lilly Canada Inc., Purdue Canada Inc. and Merck Frosst Canada. A blog post on the association’s website contains messages favourable to increased opioid use.
(Flickr/Ajay Suresh)
The state of Ohio filed a lawsuit against opioid manufacturers. Will their legal arguments hold up in court – and what will it mean for other cities and states going after big pharma?