Purdue Pharma will pay more than $8 billion and close down the company

Every one of them should’ve had all of their assets seized and time in the penitentiary but again different set of rules.

 

Oooh weee. I was prescribed those at one point. Blurry times indeed.

 

I'm glad you didn't go down the dark rabbit hole of opioid addiction. **** is rough.

I know with our posting history this might seem like some sort of backhanded concern trolling but I'm sincere here. Opioid addiction is ****ing miserable. Had multiple friends ruin their lives from it.

 

It's wonderful being rich. Essentially you get a slap on the hand rather than being thrown the whole book at you. Imagine if folks at the bottom of the totem pole had the ability to pay for actual representation rather than having overworked and overloaded public defenders on their cases.

 

Can we get some type of bi-partisan agreement here that the government has no business running the new company or being able to appoint people who will run it? That's crazy.

 

If Barr approved it, it's not enough

 

No. I think the government should manufacture all generic drugs and distribute them free to Medicare and Medicaid patients and eventually to all Americans under Universal healthcare.

 

Thanks. I appreciate it. Oxy was definitely some addicting stuff. I am glad my prescription ran out.

 

I do get an uneasy feeling about a government run business for public interest.. I'm going to wait though until I see more details of who is going to run this and how it's going to be managed.

A lot of this strikes me like Trump saying things like that the US government should get a cut from the TikTok deal.

 

I don't want Biden to appoint who runs it either; government has no business venturing into this. IMO, of course.

 

Affordable health care is the governments business. Republicans try to funnel more money into the drug companies that pay for their campaigns so it's logical democrats would try to provide drugs to the people that need them at an affordable price, affordable for government too since they buy a large percentage of it with tax dollars. Government non-profit industries are not unprecedented.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2690175/
https://www.upcounsel.com/how-does-the-government-operate-as-a-nonprofit-organization

Areas of Activity for NGOs in the United States

Approximately 1.5 million NGOs operate in the United States. These NGOs undertake a wide array of activities, including political advocacy on issues such as foreign policy, elections, the environment, healthcare, women’s rights, economic development, and many other issues. They often develop and address new approaches to social and economic problems that governments cannot address alone. Many NGOs in the United States operate in fields that are not related to politics. These include volunteer organizations rooted in shared religious faith, labor unions, groups that help vulnerable people, such as the poor or disabled, and groups that seek to empower youth or marginalized populations. Indeed, NGOs exist to represent virtually every cause imaginable. Their sources of finance include donations from private individuals (American or foreign), private sector for-profit companies, philanthropic foundations, or grants from federal, state, or local government. Sources of finance may also include foreign governments. There is no prohibition in U.S. law on foreign funding of NGOs; whether that foreign funding comes from governments or non-government sources.
https://www.state.gov/non-governmental-organizations-ngos-in-the-united-states/

 

the two largest national opiod addiction in history

• During the mid-1800s, Britain profited immensely from smuggling opium to China
• in the 21st century, Purdue Pharma got countless # of Americans hooked on OxyContin

 

https://www.nbcnews.com/politics/su...-purdue-pharma-bankruptcy-deal-hold-rcna98148

Supreme Court puts Purdue Pharma bankruptcy deal on hold

The Biden administration urged the court to block a deal
that lets the Sackler family avoid future lawsuits related to the opioid epidemic,
as reported by NYT on 30 May 2023

​

The justices, in a brief order with no dissenting votes noted, blocked an appeals court decision that allowed the bankruptcy to move forward. As part of the deal, the Sackler family, which controlled the company,
had agreed to pay $6 billion that could be used to settle opioid-related claims but only in return for a complete release from any liability in future cases.


The court also agreed to take up the government's appeal, meaning it will hear oral arguments in December and likely issue a ruling early next year.

The legal question raised is whether the bankruptcy court had the authority to release the Sackler family members from the claims being made by opioid victims.

Purdue made billions from OxyContin, a widely available painkiller that fueled the opioid epidemic. The company's tactics in aggressively marketing the drug came under increasing scrutiny as
thousands of people died from opioid overdoses in recent years.

In asking the Supreme Court to intervene, Solicitor General Elizabeth Prelogar noted that Sackler family members had withdrawn $11 billion from the company amid an effort to shield themselves from liability.

Purdue itself sought bankruptcy protection but the Sackler family members did not. Instead, they negotiated a separate deal with Purdue and some plaintiffs that would allow the company to reinvent itself in an effort to combat the opioid crisis.

Prelogar wrote that bankruptcy law prohibits such an arrangement, saying it "constitutes an abuse of the bankruptcy system" that is unfair to potential plaintiffs who did not agree to the release of the Sackler family claims.

 

...

 

I met one of them, in one of his mansions in London. The creepiest part wasn't the guy himself, but his Asian girlfriend.

Later, I realized that he has another mansion very close to where I live now.

What they did was terrible, and I hope that justice will be served.

 

They should go to prison. They are no better than the cartel.