"When We Say 'Pharma Greed Kills,' This Is What We Mean": Possible Purdue Bankruptcy

[guillaumeb]

From the article:

After spending hundreds of millions of dollars convincing the American public that opioid painkillers are safe to use for chronic pain—and fueling a deadly, decades-long addiction epidemic as a result—the drug maker Purdue Pharma could file for bankruptcy to avoid being held accountable for its actions.
According to Reuters, Purdue is considering bankruptcy to halt thousands of lawsuits and allow the company to settle with the plaintiffs out of court.
Critics on social media slammed the manufacturer for apparently seeking a way out of its legal troubles without allowing its accusers to bring their cases to trial.

To read more:

https://www.commondreams.org/news/2019/03/04/when-we-say-pharma-greed-kills-what-we-mean-critics-respond-possible-purdue?cd-

Borrow money to attend college? That debt cannot be escaped in bankruptcy.

Corporate officers engineer an opiod crisis? No problem!! Just declare bankruptcy.

A better idea would be to liquidate the company and put the assets in a trust fund for the victims.

[BBG]

1. Liquidate proceeds to the victims

I like your idea.

[guillaumeb]

2. Otherwise, the executives will keep collecting their pay,

the stockholders will keep collecting dividends, and the victims will be further victimized.

[Blue_true]

3. The victims should own the company. nt

[gratuitous]

4. The company does indeed deserve to die

But I'd still like to see a few of the folks who profited so nicely from Purdue Pharma's deadly propaganda relieved of their assets and their liberty to move about freely except in the confines of their prison cell.