Attorney Austin Pennington was a guest on the Gary Rivers Show Thursday morning, who weighed in on the recent Oklahoma court ruling against Johnson & Johnson.
Oklahoma judge on Monday found Johnson & Johnson and its subsidiaries helped fuel the state’s opioid crisis and ordered the consumer products giant to pay $572 million to clean up the problem.
Word is now coming out that Purdue Pharma, which will see its day in court here in Ohio, may be negotiating a $10 to $12 billion dollar nationwide settlement. If true, the company would reportedly file for Chapter 11 bankruptcy protection.
Purdue is among 22 drug companies involved in what has collectively been called the “National Opioid Litigation” multi-district case being heard in U.S. District Court in Cleveland.
Does this verdict open the floodgates?
Austin is a trial attorney who handles a wide range of criminal and civil cases. He wrote a compelling blog on this subject and can be seen here: www.pfdallas.com
Negotiations aimed at settling the nation’s largest opioid litigation case are underway with $12 billion reportedly being offered by a leading pharmaceutical company.