#opioidsettlement Archives

Opioid Lawsuits Are Bankrupting Rite-Aid

Post author:Melissa
Post published:November 25, 2023
Post category:OxyContin addiction oxycontin epidemic prescription drugs
Reading time:4 mins read

While there have been many stories about rampant crime in major cities, the fact is that these same cities also have a lot of opioid addiction. In recent years, states, counties, and cities have been suing distributors of opioids like Oxycontin. While many companies, such as the drug maker Purdue Pharma, have settled, some distributors and pharmacies have had issues. Rite-Aid is one of these pharmacies that chose not to participate in a bulk settlement. Because of this, they face more than a thousand lawsuits for their sales of Oxycontin and other addictive pain pills.

Rite-Aid in Danger of Closing

Rite-Aid is one of the largest chains of pharmacies in the United States, but they now face billions of dollars in death and risk closure due to outstanding opioid lawsuits. Not settling, as other pharmacies have done, including Walgreens, …

Oxycontin Billionaire Sackler Family Shielded From Lawsuits

Post author:Melissa
Post published:July 1, 2023
Post category:OxyContin
Reading time:3 mins read

As part of a six billion dollar opioid settlement by the makers of Oxycontin, the Sackler family will be shielded from lawsuits. Rather than being held personally responsible for the effects of the opioid epidemic, instead, the company Purdue Pharma will pay billions of dollars over time.

What Is The Sackler Settlement For?

The 2nd U.S. Circuit Court of Appeals in New York affirmed the plan last Tuesday. Under this new agreement, members of the Sackler family give up ownership of Purdue Pharma. Purdue will now be called Knoa. The drugmaker’s profits are being sent to a fund to prevent and treat addiction.

In addition to giving up Purdue, members of the Sackler family will give $5.5 billion to $6 billion in cash over time to make up for the effects of the opioid epidemic. Over time, they’re expected to …

Cherokee Nation Gets 75$ Million Of Opioid Settlement Money

Post author:Melissa
Post published:October 14, 2021
Post category:big pharma
Reading time:2 mins read

The Cherokee Nation has accepted a settlement of 75 million dollars from three of the nation’s largest drug distributors, AmerisourceBergen, Cardinal Health, and McKesson. The money is a settlement from a lawsuit that accused the companies of shipping large quantities of highly addictive pain pills for over 20 years, propelling the opioid crisis and creating a public health emergency for communities across the country.

The settlement is the first of its kind to give money to Native American communities, whose populations, leaders say, are disproportionately affected by the opioid crisis.

The Settlement Money Will Go To Healing

“This settlement will enable us to increase our investments in mental health treatment facilities and other programs to help our people recover,” Cherokee Nation Principal Chief Chuck Hoskin Jr. told reporters.

The settlement will fund much-needed treatment and mental health services for …