Bordeaux Pharma asked the bankruptcy judge late Tuesday to consider the latest version of her plan to settle thousands of lawsuits for the number of powerful pain relievers Oxycontin, a deal that would include members of the Saqkler family that owns the company up to 7 billion dollars.
Deposit is a milestone in a turbulent legal epic that has lasted for more than five years.
According to the deal, family members – who are estimated in fig documents from 2020 and 2021 with about $ 11 billion – will abandon the company’s ownership in addition to contributing to funds for 15 years with the largest batch of the foreground.
Family members resigned from the Bordeaux Board of Directors, stopped receiving funds from the company and stopped other participation before they submitted a request to protect bankruptcy in 2019, where she faced lawsuits from thousands of government governments and local governments, in addition to other cases.
The new entity will be managed by a board of directors appointed by state governments, and its task will be to alleviate the opioid material crisis that has been linked to hundreds of thousands of deaths in the United States since Oxycontin was hit in 1996. Illegal versions of fentanel.
This settlement plan was placed in months of mediation that included groups filed a lawsuit against Bordeaux, almost all of them supported, according to the intermediary reports submitted in the court.
The approval will take at least several months.
A previous version obtained the approval of the bankruptcy court, but it was rejected last year before US Supreme Court Because it protects members of the Saqkler family from civil lawsuits, although none of them asked to protect bankruptcy themselves.
Under the new version, the plaintiffs will have to participate in obtaining full shares from the settlement. If they do not do that, they can still prosecute the Sakler family, who have agreed to put about one billion dollars more than the previous plans. The contribution of cash bags is partially dependent on the number of parties that join the settlement and the sale of foreign pharmaceutical companies. Some of the money they put in the settlement is to be dedicated to paying any provisions if they are prosecuted and lost; But if it does not happen, the main settlement will be entered.
Family members She was He throws as wicked And they saw their name had been removed from Technical exhibitions and universities All over the world because of their role in the private company. They continue to deny any violations.
Other drug makers, distribution companies, pharmaceutical chains, etc., have already been the Purdue’s, which will also include about 900 million dollars from the company’s treasures, among the largest if completed.
Require deals Most of the money used to Fighting.
Purdue’s is the only main person who also provides direct money for the victims – which is likely to be more than $ 850 million in complexes for people who have become addicted, their families and their children born in withdrawal. This number is more than the previous incarnation.
The deadline for applying for a piece of that money that has passed for years. In previous versions, individuals were expected to get about $ 3500 and $ 48,000. Families have been divided On the deal.
Bordeaux will also provide millions of documents for a warehouse that would make it open. The company also produces a low -cost copy of Naloxone, a drug that reflects excessive doses.