Five major drugmakers are looking to settle opioid cases by participating in Purdue Pharma's bankruptcy, a person familiar with the matter says
Endo International PLC, Johnson & Johnson and other drugmakers that face sprawling litigation over the opioid crisis are exploring a way to settle the cases by participating in Purdue Pharma LP’s bankruptcy, according to internal documents and a person familiar with the matter.
The move, if successful, could bring an end to—or at least dramatically shrink—one of the largest and most complex pieces of litigation the U.S. has ever seen.
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