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Committee Pitches Concept to Settle all Opioid Lawsuits

Associated Press

   A committee guiding OxyContin maker Purdue Pharma's bankruptcy has
   suggested other drugmakers, distributors and pharmacy chains use
   Purdue's bankruptcy proceedings to settle more than 2,000 lawsuits
   seeking to hold the drug industry accountable for the national opioid
   crisis.

   The committee of unsecured creditors said in a letter sent Sunday to
   the parties and obtained by The Associated Press that the country "is
   in the grips of a crisis that must be addressed, and that doing so may
   require creative approaches."

   It's calling for all the companies to put money into a fund in exchange
   for having all their lawsuits resolved.

   The committee includes victims of the opioid crisis plus a medical
   center, a health insurer, a prescription benefit management company,
   the manufacturer of an addiction treatment drug and a pension insurer.
   It says that the concept may not be feasible but invited further
   discussion. It does not give a size of contributions from the company.
   

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