Filing For Bankruptcy To Manage Opioid Suits Is No Magic Pill
Law360 (April 29, 2019, 3:50 PM EDT) -- The opioid epidemic that has swept the United States is an expensive crisis with immeasurable human costs, which has also resulted in litigation that could potentially bankrupt the opioid manufacturers, distributors and pharmacies targeted in the lawsuits.
Individual plaintiffs, along with federal, state and local governments have filed thousands of actions, which allege that manufacturers misled the public about the "nonaddicting" nature of their products, distributors failed to monitor or investigate suspicious orders and pharmacies turned a blind eye to their role in enabling a black market.
The causes of action and the plaintiffs run the gamut, from victims suing for personal...
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