“A Punch in the Gut”: After Years of Waiting, Many Opioid Victims Will Be Shut Out of Purdue Settlement
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The Bottom Line
Tens of thousands of opioid victims will be excluded from Purdue Pharma's $7.4 billion bankruptcy settlement.
How This Affects You
If you are an opioid victim, you may be denied compensation or receive significantly less than expected from Purdue Pharma's settlement.
AI Summary
A new $7.4 billion bankruptcy plan for Purdue Pharma, approved by a federal judge last November, will exclude tens of thousands of individual opioid victims who filed claims. This plan, which includes $870 million for individual victims, requires tougher eligibility and eliminates the affidavit option for proving Purdue opioid use, a method accepted in other major bankruptcy cases. As a result, fewer than half of the nearly 140,000 people who filed claims will receive compensation. Estimated settlement amounts for fatal overdoses dropped to as little as $8,000, down from a previous $48,000. Purdue and its attorneys moved to formally eliminate most of the 80,000 individuals who missed a filing deadline, and the judge approved this expungement motion Tuesday.
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Are You Waiting for Opioid Settlement Money From Purdue, Mallinckrodt or Endo? Get in Touch.
The post Are You Waiting for Opioid Settlement Money From Purdue, Mallinckrodt or Endo? Get in Touch. appeared first on ProPublica .
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