Purdue Pharma files for bankruptcy with $10B plan to settle claims

Sounds like this arm of the company will end up controlled by a government trust. The best outcome would probably be the government running the operation at break even, lowering costs, and heavily regulating how much product it could give to hospitals.

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#5

Post by [deleted] » Mon, Sep 16, 2019, 4:33 AM UTC

[deleted]

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#6

Post by [deleted] » Mon, Sep 16, 2019, 4:34 AM UTC

gibolt wrote: post #4

Looks like they got a golden escape hatch. Sounds like this arm of the company will end up controlled by a government trust. The best outcome would probably be the government running the operation at break even, lowering costs, and heavily regulating how much product it could give to hospitals.

[deleted]

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#7

Post by tibbydudeza » Mon, Sep 16, 2019, 4:34 AM UTC

artpop wrote: post #3

How can this be legal?

[flagged]

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#8

Post by alyx » Mon, Sep 16, 2019, 4:35 AM UTC

artpop wrote: post #3

How can this be legal?

Welcome to the world run by business. Here’s a warm towel, enjoy your stay.

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#9

Post by toomuchtodo » Mon, Sep 16, 2019, 4:35 AM UTC

tibbydudeza wrote: post #7

artpop wrote: post #3

How can this be legal?

[flagged]

Luckily, this means the family will be pursued criminally. Bankruptcy doesn’t shed that.

Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims

#10

Post by tibbydudeza » Mon, Sep 16, 2019, 4:36 AM UTC

simplecomplex wrote: post #2

Great now all the opioid production and prescriptions and thus addiction will stop! Oh wait...

Too late ... Fentanyl is shipped via mail. Buy stock in the folks who make Narcan.