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Thread: OxyContin maker Purdue Pharma files for bankruptcy

  1. #21
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    Quote Originally Posted by Hoosier8 View Post
    Oxycontin is safe if used as directed. Water is safe if you don't overdo it.
    Like any opioid, they are addictive and very difficult to quit, especially if the patient has been taking them for a long period of time. Then it's like trying to quit heroin cold turkey.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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  2. #22
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    Lummy's Avatar Senior Member
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    How can a manufacturer go bankrupt manufacturing and selling the ultimate addiction that makes cigarettes look like candy by comparison? It is the ultimate product to sell. Ask any pusher or pimp.

    I really question whether they actually did go bankrupt.
    Last edited by Lummy; 09-16-2019 at 02:56 PM.

  3. #23
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    MisterVeritis's Avatar Senior Member
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    Quote Originally Posted by Collateral Damage View Post
    If a company fails to render a safe product, why do you feel they should be protected from the repercussions?
    It was a safe product. Your argument could be used next against gun manufacturers. In fact acceptance of your premise allows the government to shakedown every industry.
    Last edited by MisterVeritis; 09-16-2019 at 04:37 PM.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


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    Lummy (09-16-2019),Peter1469 (09-16-2019)

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    Quote Originally Posted by Crepitus View Post
    The families net worth is estimated to be $15 billion.

    $3 billion is no where near enough. I say take $14.9 billion.

    That will still leave them better off than most.
    The family isn't declaring bankruptcy. The company is. And it is chapter 11 bankruptcy which is reorganization. They will likely get a lot of debt discharged (from other creditors) to shift it to the people claiming victim status.
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    Quote Originally Posted by Dr. Who View Post
    Realistically, the wealth could be vested in various family members, trusts and other investments as well as offshore accounts. Furthermore there is some evidence to suggest that between 2008 and 2018, the principals of the company have been gradually defunding the company to leave it open to bankruptcy. https://www.nbcnews.com/news/us-news...sfers-n1054401
    A smart tactic.
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    Quote Originally Posted by Collateral Damage View Post
    If a company fails to render a safe product, why do you feel they should be protected from the repercussions?
    It is safe if used correctly.
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    MisterVeritis (09-16-2019)

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    Quote Originally Posted by Peter1469 View Post
    A smart tactic.
    They've been on the hot seat for some time now. This is going to go the way of asbestos litigation. The class action lawyers will sue their way through the manufacturers and then go after the distributors, pharmacists and doctors.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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    Quote Originally Posted by Dr. Who View Post
    The class action lawyers will sue their way through the manufacturers and then go after the distributors, pharmacists and doctors.
    ... who will likewise sue the manufacturers ...

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    They're all after your guns, of course, and they are all willing to establish precedents toward that goal.

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    Quote Originally Posted by Lummy View Post
    ... who will likewise sue the manufacturers ...
    That depends on whether they have any remaining assets or insurance to claim.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
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