Purdue Asks Judge To Toss Suit Filed By Massachusetts AG As Rumors Circulate That Company Could File For Bankruptcy

The Oxycontin-maker Purdue Pharma said the lawsuit filed by Massachusetts' attorney general should be dismissed because it is "oversimplified scapegoating based on a distorted account of the facts." Meanwhile, the company is possibly preparing a bankruptcy filing as it tries to contain liability from hundreds of similar lawsuits alleging it fueled the nation’s opioid epidemic. A bankruptcy filing would immediately halt the lawsuits and provide an avenue to settle the claims on a global basis overseen by the bankruptcy court.

from Kaiser Health News https://ift.tt/2EyWnLP