Oct 10, 2019

Purdue Pharma faces resistance to its proposed opioids settlement

Protestors outside of Purdue Pharma's headquarters last month. Photo: Erik McGregor/LightRocket via Getty Images

Purdue Pharma has to resolve ongoing inquiries with the Justice Department before finalizing its plan to enter bankruptcy, the Wall Street Journal reports, citing the newly released terms of the settlement.

Why it matters: Purdue's bankruptcy plan, and its proposed settlement to resolve the national opioids lawsuit, are already facing resistance from state and local governments.

  • Some critics fear the company is getting off too easy for its role in a crippling epidemic.
  • Arizona is now the 25th state to oppose the proposed settlement, Reuters reports. State officials balked after Purdue's bankruptcy announcement.
  • Those states have argued in court filings that Purdue transferred more money to the Sackler family, which ran the company, than it had led them to believe.

What's next: Purdue will be back in bankruptcy court Friday to ask for a pause in the ongoing litigation.

Go deeper: Purdue Pharma's bankruptcy test

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3 major drug distributors discussing $18 billion opioids settlement

Photo: Justin Sullivan/Getty Images

Three major drug distributors — McKesson, AmerisourceBergen and Cardinal Health — are discussing an $18 billion settlement to resolve opioid litigation brought by state and local governments, the Wall Street Journal reports.

The big picture: The distributors, along with drug manufacturers and pharmacies, have been accused of contributing to the country's opioid epidemic through aggressive marketing and inadequate distribution oversight.

Go deeperArrowOct 16, 2019

The opioids legal battles rage on

Illustration: Lazaro Gamio/Axios

The federal opioids litigation took a step closer to resolution yesterday when major drug companies settled with 2 Ohio counties just before a trial was scheduled to begin.

Yes, but: States, municipalities and the companies being sued are still hashing out a global resolution to the thousands of lawsuits pending across the country.

Go deeperArrowOct 22, 2019

California governor threatens state takeover of PG&E

California Gov. Gavin Newsome, L.A. City Councilman Mike Bonin, and L.A. Mayor Eric Garcetti on Oct. 29 in Brentwood, Calif. Photo: Wally Skalij-Pool via Getty Images

California Gov. Gavin Newsom said on Friday that his administration is preparing a plan to take over PG&E should it fail to resolve its ongoing bankruptcy proceedings.

Why it matters: The embattled utility company is currently in bankruptcy court over its liability for fires that took place in 2017. At the same time, the company is dealing with the ongoing fire season in California and the added disruption to residents that widespread power shutoffs in October have caused.

Go deeper: Gov. Gavin Newsom Outlines Roadmap for Wildfires, Communities and Utility