WHITE PLAINS, NY, March 29, 2021 / PRNewswire / – Legal-Bay, the world’s leading pre-settlement finance company, reports today that settlements may soon be reached with Purdue Pharma, the makers of the massively abused prescription narcotic OxyContin. The Sackler family, owners of Purdue, have filed for bankruptcy in an attempt to defer billions of dollars in payments to the more than 600,000 plaintiffs who have filed suit against them. In the current state of the agreement, they will have to pay $ 500 million in advance and installments on an additional amount $ 4 billion over the next decade.
Critics say the cushy arrangement isn’t atoning enough for a company that has directly fueled the opioid epidemic. The payments would still allow the Sacklers to remain one of the richest families in the country, regardless of their contribution to the mass addiction that has killed more than 450,000 people.
Purdue has twice admitted to illegally marketing his opioid drugs, lying to both doctors and patients about the benefits and safety of OxyContin. The admission sparked a $ 225 payment in October, but the Sackler family continues to make no claims of wrongdoing.
Chris Janish, CEO, commented, “We have been following this complex litigation for some time. Purdue is taking action to try and resolve some of these claims, we are opening funding for claimants in need of money today. “
If you are involved in legal action against Oxycontin and need an immediate cash advance pursuit loan against an impending settlement, please visit Legal-Bay HERE or call toll free at 877.571.0405.
Legal-Bay is dedicated to its clients struggling with addiction. Anyone who already has legal action against OxyContin can apply for a settlement loan now. Their pre-settlement funding programs are designed to provide immediate liquidity before the applicant’s anticipated monetary compensation. Non-recourse lawsuit loans, sometimes referred to as lawsuit loans or settlement loans, are risk-free because the money does not need to be repaid if the recipient loses their case. Therefore, lawsuit loans are not really loans, but rather risk-free cash advances.
To apply for a legal loan now, please visit the company’s website HERE or call toll free at: 877.571.0405 where the agents are waiting.
SOURCE Legal-Bay, LLC