Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    April 28, 2024

    April 28, 2024

    April 28, 2024
    Facebook X (Twitter) Instagram
    Trending
    Facebook X (Twitter) Instagram
    Hote NewsHote News
    • Health Science
    • Lifestyle
    • Politics
    • Reel
    • Sports
    • Travel
    • Worklife
    Hote NewsHote News
    Politics

    Supreme Court to Decide Fate of Opioid Victims’ Billions

    December 3, 2023
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The court’s quick scheduling of the case may indicate its awareness of the opioid problem. However, legal experts believe that the court’s ruling will not extensively address the public health crisis. Instead, they predict that the court will focus narrowly on the liability shield, which is a controversial bankruptcy tactic that is gaining popularity.

    Adam Zimmerman, a mass tort law professor at the University of Southern California’s Gould School of Law, stated, “I’m sure, though, that even if the opioid crisis doesn’t show up anywhere in the opinion, the court has to be bearing in mind that cities, states, and individuals have been desperately waiting for these funds. They need to know the answer to this question so they can figure out what to do next.”

    While many pharmaceutical companies have faced lawsuits for their involvement in the opioid epidemic, the Sacklers and Purdue are particularly significant in the complex, decades-old crisis. OxyContin, their flagship drug, was approved by the Food and Drug Administration in 1995 and revolutionized the market for prescription painkillers. The medical community, recognizing pain as a “fifth vital sign,” saw long-acting OxyContin as a remarkable medication.

    Purdue gained notoriety for its extravagant sales conferences, where company-trained pain medicine physicians falsely claimed that the risk of addiction to OxyContin was extremely low. By 2007, Purdue and three top executives had paid fines of $634.5 million and pleaded guilty to federal criminal charges for misleading regulators, doctors, and patients regarding the drug’s potential for abuse.

    Despite the hefty fines, Purdue continued to aggressively market OxyContin. Over time, attention shifted to the Sackler family, some of whom served on Purdue’s board and made significant charitable donations to medical schools and museums. In return, these institutions named buildings after the Sacklers. However, as the family’s controversial story gained media attention through books, TV series, and documentaries, many institutions removed the Sackler name from their properties and distanced themselves from Purdue’s owners.

    Post Views: 9
    Related Posts

    April 28, 2024

    April 28, 2024

    April 28, 2024

    Leave A Reply Cancel Reply

    Top Posts

    Controversial Israeli Video Sparks Gaza Hospital Information Battle

    November 14, 2023

    April 28, 2024

    Met Police commander sacked for failing drug test

    November 1, 2023

    European Council President calls for revival of multilateralism

    November 1, 2023
    About Us
    About Us

    We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in the UK and around the world.

    Email Us: info@hotenews.com

    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn WhatsApp TikTok Discord Telegram Threads RSS
    Our Picks

    April 28, 2024

    April 28, 2024

    April 28, 2024
    Most Popular

    Controversial Israeli Video Sparks Gaza Hospital Information Battle

    November 14, 2023

    April 28, 2024

    Met Police commander sacked for failing drug test

    November 1, 2023
    © 2025 Hotenews
    • Privacy Policy
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.