Opioid victims could get up to $ 48,000 in Purdue bankruptcy
People who have filed opioid addiction or overdose death claims against OxyContin maker Purdue Pharma LP are expected to receive up to $ 48,000 under the company’s bankruptcy plan.
Payments estimated under Purdue’s Chapter 11 proposal, filed Monday, depend on the severity of an individual’s injury or addiction, with less severe cases estimated at $ 3,500. Administrators would determine people’s eligibility for compensation and assess the severity of their opioid injuries through a points system, according to court documents filed Monday. The specific eligibility and qualification conditions will be made public at a later date.
Preliminary analysis predicts that victims eligible for the most serious injuries will receive between $ 16,000 and $ 48,000, less severe cases between $ 5,000 and $ 31,000 and less severe cases $ 3,500, according to court documents. Documents filed by the Purdue court indicate that it is impossible to determine with certainty how much a specific personal injury claimant will get from the trust. The analysis was carried out by attorneys representing a group of people with personal injury claims against Purdue, according to court documents.
The compensation proceedings are part of a larger reorganization plan that offers a plan to resolve more than 100,000 personal injury claims related to OxyContin, Purdue’s flagship opioid pain reliever.
The bankruptcy plan, which tracks how other companies resolved their massive legal liability through Chapter 11, was criticized Tuesday by attorneys general in states that did not sign the Purdue restructuring deal and by some lawyers representing opioid victims who believe this is not the case. provide adequate funding to those affected by drug addiction.