Purdue lawyer warns of long, expensive litigation
A lawyer for Purdue Pharma says the company’s settlement plan is the only way to avoid long and expensive litigation. The lawyer made his case Monday to a bankruptcy judge who is expected to rule this week on whether to accept OxyContin maker’s reorganization plan. It calls for using the company’s future profits and more than $4 billion from members of the Sackler family who own it to abate the opioid crisis and pay individual victims. Members of the Sackler family would also get protection from lawsuits.