AP Source: OxyContin Maker Seeks to Resolve All Lawsuits

This Feb. 19, 2013 file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. State attorneys general and lawyers representing local governments said Tuesday, Aug. 27, 2019, they are in active negotiations with Purdue Pharma, maker of the prescription painkiller OxyContin, as they attempt to reach a landmark settlement over the nation's opioid crisis. (AP Photo/Toby Talbot, File)   COLUMBUS, Ohio (AP) — A settlement being pursued by the maker of OxyContin aims to resolve all claims against the company filed in both state and federal courts and provides a formula for dividing a pot of money reaching into the billions, The Associated Press has learned. States and local governments would split the settlement cash following formulas that have already been developed, according to a person familiar with the talks but not authorized to discuss them publicly. The formulas consider the number of people who misuse opioids, overdose deaths and other factors. As an example, Cabell County, West Virginia, a hard hit part of Appalachia, and the local governments in it would get a total of $975,000 for every $1 billion under the formula; Philadelphia would receive $6.5 million. And for each $1 billion, lawyers would be paid $100 million with $150 million available to communities for costs they have incurred beyond the factors used in the formula. The attorneys general who are negotiating the deal do not have the authority to enter into settlements for other...
Source: JEMS: Journal of Emergency Medical Services News - Category: Emergency Medicine Tags: News AP News Tag Source Type: news