Legal-Bay Reports Settlement Updates in Purdue OxyContin Lawsuits
Top pre-settlement funding company prepares for Purdue's bankruptcy claims to unravel, forcing the pharma company to settle multiple claims
WHITE PLAINS, N.Y., March 29, 2021 /PRNewswire/ -- Legal-Bay, the premier Pre Settlement Funding Company, reports today that settlements may soon be forthcoming 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 payouts to the over 600,000 plaintiffs who have filed suit against them. As the agreement stands now, they will be expected to pay $500 million upfront, and installment payments on an additional $4 billion over the next decade.
Critics say the cushy arrangement isn't nearly enough atonement for a company that directly fueled the opioid epidemic. The payouts would still enable the Sacklers to remain one of the wealthiest families in the country, regardless of their part in contributing to the mass addiction that has killed over 450,000 people.
Purdue has twice admitted to illegal marketing of their opioid medications, lying to both doctors and patients about the benefits and safety of OxyContin. The admission prompted a $225 payout back in October, yet the Sackler family continues to claim no wrongdoing.
Chris Janish, CEO, commented, "We have been following this complex litigation for a while. As Purdue takes steps to try and resolve some of these claims, we are opening up funding for plaintiffs in need of cash today."
If you're involved in an active Oxycontin lawsuit and need an immediate cash advance lawsuit loan against an impending settlement, please visit Legal-Bay HERE or call toll-free at 877.571.0405.
Legal-Bay is dedicated to their clients dealing with addiction. Anyone that has an existing OxyContin lawsuit can apply for a settlement loan now. Their pre-settlement funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. The non-recourse law suit loans—sometimes referred to as loans for lawsuit or loans on settlement—are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit loans aren't really loans, but rather risk-free cash advances.
To apply for a loan on lawsuit right now, please visit the company's website HERE or call toll-free at: 877.571.0405 where agents are standing by.
Contact: |
Chris Janish, CEO |
Email: [email protected] |
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Ph.: 877.571.0405 |
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Website: www.Legal-Bay.com |
SOURCE Legal-Bay, LLC
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