Looks like they want to settle for $10-$12B, then file chapter 11. Purdue then restructures to form a public benefit trust for 10 years.
https://www.nbcnews.com/news/us-new...s-10-12-billion-settle-opioid-claims-n1046526
That sounds like a lot, but news sources estimate the damage from opioids exceeds $50-60B including all the support, police, family expense, re hab, medical etc. This all comes after the Johnson and Johnson ruling of @$572M to victims in Oklahoma. Wow! That all happened quickly.
https://www.nbcnews.com/news/us-new...s-10-12-billion-settle-opioid-claims-n1046526
That sounds like a lot, but news sources estimate the damage from opioids exceeds $50-60B including all the support, police, family expense, re hab, medical etc. This all comes after the Johnson and Johnson ruling of @$572M to victims in Oklahoma. Wow! That all happened quickly.