Purdue's $4.5 Billion Opioid Settlement Got Thrown Out. Now What?
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 22 December 2021
⏱️ 17 minutes
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| 0:00.0 | Are calling Jonathan Randall's covers bankruptcy, which he says can sometimes feel a little |
| 0:10.4 | monotonous. |
| 0:12.0 | Covering bankruptcy can be very boring. |
| 0:14.0 | Okay. |
| 0:15.0 | Like they're talking about dollars and cents, just like another day at the office, you know, |
| 0:19.9 | covering a lot of like these bankruptcy hearings. |
| 0:22.6 | But there's one bankruptcy case he's been covering lately that's about a lot more than |
| 0:26.4 | just dollars and cents. |
| 0:28.4 | It involves the opioid epidemic and one of the companies behind it, Purdue Pharma, members |
| 0:33.7 | of the Sackler family own it. |
| 0:37.4 | Purdue, facing a mountain of lawsuits over its drug oxycontin, filed for bankruptcy in |
| 0:42.4 | 2019. |
| 0:43.4 | The bankruptcy system was going to resolve all of the liability arising out of the opioid |
| 0:51.1 | crisis and specifically lawsuits that have been filed against the Sackler family and those |
| 0:58.1 | lawsuits accuse them as the owners of Purdue Pharma and directors of Purdue Pharma of fueling |
| 1:05.6 | the opioid crisis. |
| 1:07.1 | A few months ago, a bankruptcy judge approved a $4.5 billion settlement, which would have |
| 1:13.6 | freed Purdue and the Sackler family from future lawsuits. |
| 1:17.4 | But the settlement was appealed and a new judge reviewed the case. |
| 1:21.6 | And last week, Jonathan was at home waiting for the ruling to come in. |
| 1:26.5 | I am at my apartment, refreshing the court docket every couple of minutes. |
| 1:31.5 | And then it was like it's six something. |
... |
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