W.Va. Morrisey Attorney General Opposes Purdue Pharma Bankruptcy Plan
CHARLESTON, Va. (WSAZ) – West Virginia Attorney General Patrick Morrisey said on Tuesday he would vote against confirming Purdue Pharma’s bankruptcy plan.
He says he opposes how the multibillion-dollar opioid settlement with the company can be split across states. The proposed allocation plan would distribute more than $ 4 billion in settlement funds to state or local governments based on population.
Morrisey says it should be broken down according to the intensity of the problem and that the current proposal does not address the disproportionate damage caused by opioids in West Virginia.
“It’s going to be a consistent and resounding ‘no’ if you’re going to have primarily a population-based formula,” Morrisey said. “So we stay open-minded to talk to anyone, and I called Sackler’s attorneys and Purdue attorneys, and you know I’ve had conversations with them in the past that Virginia “West needs to have its needs addressed, so I’m hopeful that West Virginia will eventually get a better and better deal. The more we keep working on it, the better.”
Purdue Pharma, which makes the prescription pain reliever OxyContin, proposed the $ 10 billion plan to a federal bankruptcy judge in March.
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