and massachusetts don t believe the $12 billion price tag being discussed with purdue pharma goes far enough. negotiations are still ongoing with the company and its owners, the sack ller family. 2,000 cities, counties, and tribal lands are suing the company. the opioid crisis killed nearly 400,000 people since 1999. purdue is widely criticized for sparking the crisis, introducing oxycontin in 1996 with aggressive marketing. this week, a judge in oklahoma ordered johnson & johnson to pay $572 million for its role in that state s opioid crisis. alabama governor kay ivey apologizing for appearing in a racist sketch when she attended auburn university in the 1960s. audio surfaced from a 1967 interview with ivey and her fiancé at the time who discusses a party where ivey wore
the wall street journal says attorneys general of new york and massachusetts don t believe the $12 billion price tag being discussed with purdue pharma goes far enough. negotiations are still ongoing with the company and its owners, the sackler family. 2,000 city, counties and tribal lands are suing the company, the trial is set to begin in october. the opioid crisis has killed nearly 400,000 people since 1999. purdue is widely blamed for sparking the opioid crisis. introducing oxycontin in 1996, with aggressive marketing. this week, a judge in oklahoma ordered the pharmaceutical giant johnson & johnson ordered them to pay $572 million for its role in the opioid crisis in that state. president trump is defending the trade war from china amid fears from its own party about its impact on the economy. with new tariffs between the two countries just days away, senator pat toomey an outspoken
this week, huge. record breaking numbers in opioid cases against big pharma. on monday, an oklahoma judge fined the opioid maker johnson & johnson $572 million. then on tuesday purdue pharma and its owners reportedly offered to settle more than 2,000 lawsuits against them for somewhere between $10 billion and $12 billion. it is a complicated settlement if true. that s what it seems to add up to. beth macy is a journalist who covered the opioid crisis for years writing, these are big numbers but how can you put a price on the misery bottled, packaged, and sold by pharmaceutical companies helping fuel america s opioid epidemic? beth joins me now and is also the author of dopesick, dealers, doctors, and the drug company that addicted america. thanks for being with us. this came up the other day when i noted what large numbers these settlements were and one of my producers said to me, let s add up how much of a disaster this
litigation these settlement talks are something that would have been going on weeks or months now. but this news coming on the heels of this major oklahoma ruling where a judge sided with the state and said johnson & johnson was at fault for fueling the opioid epidemic there and deciding the company would need to pay some $572 million there. so pharmaceutical companies absolutely are going to be taking note of that ruling. does this effectively put a barrier between them and potential claimants? i mention claimants even if they don t have ownership in purdue pharma anymore could still target the sacklers, could they not, in a lawsuit? these are reports coming from people who have been involved with some of the conversation, but certainly the idea here in terms of separating the sacklers from the company itself would be to protect them. also you re talking about a contribution of some of their
detention to 20 days. five minutes past the hour. breaking overnight, a prominent, wealthy family would give up ownership of purdue pharma under a proposed settlement stemming from this opioid epidemic. the sackler family would also pay at least $3 billion of their own money, this is according to multiple reports. purtuesday pharma purdue pharma, widely blamed for sparking the opioid crisis. the family getting rich off of it. it introduced octobxycontin. settlement talks say purdue is offering $10 billion to $12 billion total. purdue pharma confirms it is trying to settle 2,000 cities, counties, and tribal lands that are suing the company. a trial set for october. this follows a landmark decision in oklahoma where a judge ordered pharmaceutical giant johnson & johnson to pay $572 million for its role in the