Endo International Plc, Johnson & Johnson and other drugmakers that face litigat...
FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. sit on a shelf at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey
Five drugmakers battling the cases - Endo, J&J, Teva Pharmaceutical Industries Ltd, Allergan Plc and Mallinckrodt Plc - are looking to enact a global settlement of the litigation that would be implemented through Purdue’s Chapter 11 case, the WSJ reported, citing a person familiar with the matter. OxyContin maker Purdue filed for bankruptcy protection in September, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.
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WSJ News Exclusive | Drugmakers Look to Use Purdue Pharma’s Bankruptcy to Settle Opioid SuitsEndo International, Johnson & Johnson and other drugmakers that face sprawling litigation over the opioid crisis are exploring a way to settle the cases by participating in Purdue Pharma LP’s bankruptcy, according to internal documents and a person familiar with the matter.
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Gold drops below the key $1,500 mark to post lowest finish in 2 monthsGold prices drop over 2% Monday, settling below the psychologically important level of $1,500 to post their lowest finish in two months, as strength in U.S....
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