Benzinga Why Big Pharma Had To Pay $1.8 Billion Podcast


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Jeffrey B. Simon, trial attorney and author of the book ‘Last Rights: The Fight to Save the Seventh Amendment.’ Discusses the $1.8 billion settlement from Johnson & Johnson related to opioids, and the role of Purdue Pharma and the Sackler family in the opioid epidemic.

Diving into the larger issue of the dismantling of the civil justice system and the impact of tort reform. The conversation concludes with personal insights from Simon on advice, his first job, and personal views on life.

Takeaways

– The $1.8 billion settlement from Johnson & Johnson highlights the harm caused by the overprescription and misleading promotion of opioids.

– Purdue Pharma, owned by the Sackler family, is accused of starting the prescription opioid epidemic by overpromoting OxyContin as less addictive and more effective than it actually is.

– The bankruptcy process and the settlement with Purdue Pharma raise questions about the accountability of the Sackler family and the use of bankruptcy protections.

– The civil justice system has been undermined by legislative initiatives and tort reform, which favor corporations over consumer rights and public safety.

Chapters

00:00 Introduction and Background

01:25 The Fight to Save the Seventh Amendment

03:02 Opioids and the $1.8 Billion Settlement

09:06 Purdue Pharma and the Sackler Family

14:18 Mixed Feelings on the Settlement

18:10 The Dismantling of the Civil Justice System

19:05 Tort Reform and Political Divide

23:43 Rapid Fire Questions

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Image and article originally from www.benzinga.com. Read the original article here.