August 1, 2019

Nearly Every State is Suing Purdue Pharma Over OxyContin

Nearly every U.S. state has filed a lawsuit against Purdue Pharma, claiming the pharmaceutical company’s painkiller, OxyContin, has played a major role in the nation’s opioid epidemic.

Earlier this year, the state of Oklahoma settled its lawsuit with Purdue Pharma for $270 million. One of the newer lawsuits, California’s, claims – much like the other cases against Purdue – that the former chairman and president Richard Sackler knowingly encouraged the widespread distribution and use of OxyContin, despite being aware of the drug’s high addiction rate.

Purdue says the claims are misleading and it will defend itself against them.

For more on this story, visit the Law Finance Channel.

If you’re interested in learning more about how litigation financing works, contact Pravati Capital, one of the leading litigation finance companies, by calling 844-772-8284 or by completing our online contact form.


Related Posts

Pravati Capital Announces New Scholarship for Students at ASU's Sandra Day O'Connor College of Law

PHOENIX, Dec. 8, 2020 /PRNewswire/ -- Scottsdale based, Pravati Capital, a leading litigation finance and consulting firm, announced today the establishment of the Pravati Capital Endowed Scholarship, supporting the exceptionally […]

The Benefits of Commercial Litigation Funding

It’s expensive for companies to fight a lawsuit, no matter which side of the courtroom they’re on. The Court Statistics Project found that the median […]

Pravati Capital Launches Fifth Specialized Litigation Finance Fund with $200 Million

PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund […]
1 2 3 17