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LEGAL NEWSLINE

Friday, November 15, 2024

Supreme Court rejects Purdue Pharma's bankruptcy plan

State AG
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Attorney General Josh Stein | Official website

Attorney General Josh Stein released a statement following the United States Supreme Court's decision to reject Purdue Pharma’s bankruptcy plan, which included $6 billion allocated to combat the opioid crisis.

"Purdue Pharma and the Sackler family helped create and fuel an opioid crisis that is still killing North Carolinians – twelve people overdose every day on average. The Court’s ruling means we now have to go back to the negotiating table. Purdue and the Sacklers must pay so we can save lives and help people live free of addiction. If they won’t pay up, I’ll see them in court."

Stein emphasized that this decision does not impact the $1.4 billion in opioid settlement funds already directed to North Carolina from settlements he negotiated with major drug distributors, including Johnson & Johnson, CVS, Walgreens, Walmart, Allergan, Teva, and funds from the Mallinckrodt bankruptcy.

"Visit our NC Payment Schedule Dashboard to learn more," Stein added.

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