450 Lexington Avenue Send Feedback to petition@petition11.com. This site is protected by reCAPTCHA and the Google. ** It also helps the debtors triage the outrageous expense involved with defending heaps of lawsuits all across the country; indeed, the Purdue Pharma debtors note that they spend $5mm/week — A WEEK!

Send Feedback to petition@petition11.com. Here is the White House talking about “[e]nding America’s Opioid Crisis.” And here is John Oliver doing the John Oliver thing while talking about opioids. Office of the United States Trustee (Re: Doc #. Our primary product is an a$$-kicking email briefing sent to Members every Sunday. Fee amount 1717.00. As you might imagine in a litigation scenario where there are literally thousands of potential judgement creditors scattered across various state and federal courts across the country, this is a powerful tool. Receipt number A13420566. P.A.I.N. They project to spend approximately $263mm on legal and related professional costs in 2019. (212) 450-4099 Room 1006 Use of this site constitutes acceptance of our, exposed about $1 billion in wire transfers. (Re: Doc #, Application for Pro Hac Vice Admission filed by Robert P. Charbonneau on behalf of Attorney General, State of Florida. (Yuri Gripas/Pool via AP), This Wednesday, Oct. 21, 2020 photo shows Purdue Pharma headquarters in Stamford, Conn. Long time PETITION readers should be, if they’re paying attention, identifying recurring themes confronting the various sectors of distress we cover. Fee amount 200.00. They advertised and distributed their medication knowing all the dangers. Family members, in a statement, expressed “deep compassion for people who suffer from opioid addiction and abuse and hope the proposal will be implemented as swiftly as possible to help address their critical needs.”. The idea is that by halting this rush and providing the debtor a “breathing spell,” the debtor will have a better opportunity to configure a go-forward strategy that is not only to its benefit, but also treats similarly situated claimants fairly. On September 15, 2019 and September 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Yuri Gripas/Pool via APDeputy Attorney General Jeffrey A. Rosen holds a news conference to announce the results of the global resolution of criminal and civil investigations with an opioid manufacturer at the Justice Department in Washington, Wednesday. When we asked for stories from breast cancer survivors and others, the calls started coming and did not stop. Partly to mostly cloudy. In healthcare, rollups of behavioral health, CCRC, rehab centers, etc., layer on too much debt on top of questionable business models in the face of an uncertain regulatory atmosphere. Purdue Pharma said in its statement that under the proposed settlement, a new company that would be governed by a board chosen by claimants and approved by the bankruptcy court, would work towards contributing tens of millions of doses of opioid overdose reversal and addiction treatment medications at no or low cost. Partly cloudy. So what it needs — and what it gets from a chapter 11 bankruptcy filing — is a break from the deluge of lawsuits against it. We intend to put pressure on museums, art spaces and educational institutions to refuse future donations from the Sacklers. As part of the plea deal, the company admits it violated federal law and “knowingly and intentionally conspired and agreed with others to aid and abet” the dispensing of medication from doctors “without a legitimate medical purpose and outside the usual course of professional practice,” according to the plea agreement. Sign up now to get our FREE breaking news coverage delivered right to your inbox. This petition starter stood up and took action. High 67F. PETITION is a digital media company focused on disruption from the vantage point of the disrupted. “Instead, they took fines and penalties that Purdue likely will never fully pay.”. 201 Varick Street, Room 1006 They said it does not hold the Sacklers properly accountable and they raised concerns other issues. ***, THIS IS A PREMIUM MEMBER’S ARTICLE, TO READ THIS FULL ARTICLE AND MORE OF OUR KICK@$$ CONTENT, CLICK HERE.