Latest Legal settlements News

Purdue Pharma to stay in business as bankruptcy unfolds

Sep. 17, 2019 7:41 PM EDT

WHITE PLAINS, N.Y. (AP) — A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first court hearing since the Chapter 11 filing...

'Blood money'? Purdue settlement would rely on opioid sales

Sep. 17, 2019 4:42 PM EDT

The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by ... selling more OxyContin. That would amount to blood money, in the opinion of some critics. And it's one reason two dozen states have rejected the deal. "The settlement agreement...

Purdue Pharma begins Chapter 11 bankruptcy journey

Sep. 17, 2019 7:29 AM EDT

NEW YORK (AP) — Purdue Pharma gets its day in court Tuesday after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. An initial hearing will be held in federal court in White Plains, New York, for the Chapter 11 bankruptcy...

The Latest: First hearing set on Purdue bankruptcy

Sep. 16, 2019 9:29 PM EDT

The Latest on Purdue Pharmas bankruptcy filing (all times local): 4 p.m. A judge will need to decide whether lawsuits against members of the Sackler family that owns Purdue Pharma can go ahead with the company seeking bankruptcy protection. But at a hearing Tuesday in White Plains, New York, Judge Robert Drain is...

Can Purdue Pharma's opioid settlement win judge's approval?

Sep. 16, 2019 5:12 PM EDT

BOSTON (AP) — OxyContin maker Purdue Pharma has embarked on a multibillion-dollar plan to settle thousands of lawsuits over the nation's deadly opioid crisis by transforming itself in bankruptcy court into a sort of hybrid between a business and a charity. Whether the company can pull it off remains to be...

Purdue Pharma files for bankruptcy as part of settlement

Sep. 16, 2019 2:27 PM EDT

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing was anticipated before and after the...

Volkswagen to pay up to $87 million in Australia for scandal

Sep. 16, 2019 3:42 AM EDT

CANBERRA, Australia (AP) — Volkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer said Monday. The settlement was announced in the Federal Court in Sydney by law...

Drug company attorneys seek to disqualify federal judge

Sep. 14, 2019 4:27 PM EDT

CLEVELAND (AP) — Attorneys for eight drug distributors, pharmacies and retailers facing trial next month for their roles in the opioid crisis want to disqualify the federal judge overseeing their cases, saying he has shown bias in his effort to obtain a multibillion-dollar global settlement. According to...

States split by party on accepting Purdue Pharma settlement

Sep. 13, 2019 10:20 PM EDT

MINNEAPOLIS (AP) — The opioid crisis has hit virtually every pocket of the U.S., from rural towns in deeply conservative states to big cities in liberal-leaning ones. But a curious divide has opened up. The nation's Republican state attorneys general have, for the most part, lined up in support of a...

Jury awards $17M to 3 plaintiffs in deadly Amtrak derailment

Sep. 13, 2019 9:19 PM EDT

TACOMA, Wash. (AP) — A federal jury has awarded three people who sued over a deadly Amtrak derailment in Washington state nearly $17 million for their pain and suffering. An eight-person jury in U.S. District Court in Tacoma decided Friday to award $7.75 million to Dale Skyllingstad, $7 million to Blaine...