15 States Reach a $4.5B Settlement with Oxycontin Maker Purdue Pharma

No admission of guilt

> According to spokesmen, two branches of the Sackler family noted that the settlement included no finding of liability or wrongdoing.

And no more lawsuits

> If Judge Robert Drain, who is presiding over the bankruptcy proceedings, certifies the plan after an August hearing, as is now widely expected, both the family and the company would be shielded from further opioid-related lawsuits.

Sounds like a good deal for Purdue Pharma.

No punishment for the million physicians who gave away opioids?

Disgusting.

It's us vs the American Medical Association, and we've been losing the battle for the last 140 years.

What a story we have been told that only physicians should be in control of healthcare. The corruption by giving a single cartel in control of an industry is causing death and poverty.

This crime paid Doctors to look the other way.

This crime paid Sales Reps to mislead Doctors.

This crime paid for vacation, mansions, champagne and more crime.

This crime was paid from those hoping to live a pain free life.

This crime was paid with entire savings, families and lives.

Crime Does Pay.

Meanwhile, the Sacklers (the family behind Purdue) made $10+ billion from Oxycontin and only need to pay $3b, spaced over the next 7 years.

That just happens to be a conservative 4% return on those $10b.

It pays to be a drug dealer, if you do it at sufficient scale

I hope UnitedHealth, McKesson, AmerisourceBergen and Cardinal are next on the list. The whole thing is a shell game with everybody blaming everybody else and the buck stopping nowhere. They need to go after everybody involved, from the pharma companies through the distributors down to the crooked doctors.

The Sacklers also actively subverted the FDA, the Justice department, and some members of Congress according to the HBO documentary "The Crime of the Century".

So what's their new overall profit margin?

4.5billion doesn't seem like very much. From what I've heard (just news reports), it sounds like it would cost a lot more than that to make good the damage they've caused.

Does this judge have form for pro-corporate decisions?

Say what you want about China’s record on human rights, if the Sacklers lived in China they would all have been passed through a firing squad by now, like those scum who adulterated baby formula with melamine.

Now all they need to do is make a vaccine and all their past sins will be forgiven