There were 1,734 press releases posted in the last 24 hours and 426,678 in the last 365 days.

Joint statement from AG Ferguson, 23 AGs on Purdue Pharma bankruptcy plan

SEATTLE Attorney General Bob Ferguson and a group of 23 attorneys general from around the country offered the following joint statement in response to the proposed plan Purdue Pharma filed in bankruptcy court:

"We are disappointed in this plan. While it contains improvements over the proposal that Purdue announced and we rejected in September 2019, it falls short of the accountability that families and survivors deserve.

“Our states investigated Purdue and the Sacklers and filed the lawsuits that took down their criminal enterprise.  During the bankruptcy, our states worked together, across party lines, to force Purdue to turn over millions of pages of evidence and to question the Sacklers under oath.  We also joined with every state and thousands of cities and towns to ensure that every dollar states recover is dedicated to addressing the opioid crisis.

“Now, the Sacklers and Purdue need to own up to their decades of misconduct and their role in creating this crisis.  Purdue needs to amend its plan to provide for:

  • A prompt and orderly wind-down of the company that does not excessively entangle it with states and other creditors.
  • Additional value from the Sacklers to creditors, including the states, to confront the opioid crisis that is causing so much pain.
  • Transparency in the form of robust document disclosures so the public understands the extent of Purdue’s and the Sacklers’ misconduct to make sure it never happens again.
  • Protections for nonprofits over naming rights for charitable gifts.

“Right now, millions of people across the country are desperately suffering from opioid addiction.  They need help and they need it now.  We are committed to working with all parties in the bankruptcy to improve this plan and serve our constituents.  Our focus remains delivering critically needed assistance to the people of our states.”

Attorney General Ferguson is joined by the attorneys general of California, Colorado, Connecticut, Washington, D.C., Delaware, Hawaii, Idaho, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Wisconsin.

-30-

The Office of the Attorney General is the chief legal office for the state of Washington with attorneys and staff in 27 divisions across the state providing legal services to roughly 200 state agencies, boards and commissions. Visit www.atg.wa.gov to learn more.

 

Media Contact:

Brionna Aho, Communications Director, (360) 753-2727; Brionna.aho@atg.wa.gov

General contacts: Click here

 

 

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.