>>> THIS MORNING, PENNSYLVANIA the Neighborhood.
>>> THIS MORNING, PENNSYLVANIA IS FILES SUIT AGAINST PURDUE
PHAMA.
PHAMA. IT COMES AFTER SEVERAL PLACES
REJECTED A DEAL.
THEY SAY IT DOESN’T GO FAR
ENOUGH.
ENOUGH. UNDER THE TERMS OF THE DEAL,
THEY WOULD GIVE UP CONTROL OF
PURDUE.
PURDUE. THEY WOULD BE CONVERTED INTO A
FOR PROFIT TRUST AND PROFITS
FROM DRUG SALES WILL BE PAID OUT
TO THE PLAINTIFFS.
>> THE SACKLER FAME SAID THIS IS
THE MOST EFFECTIVE WAY TO
ADDRESS THE EMERGENCY OF THE
CURRENT PUBLIC CRISIS.
JOINING US NOW, FIRST HELP US
UNDERSTAND THIS.
UNDERSTAND THIS. WHAT DOES IT MEAN WHEN THERE IS
A SETTLEMENT OR A RURALLING AND
STATES DON’T ACCEPT IT.
HOW DOES THAT WORK.
>> IT IS NOT A SETTLEMENT.
I THINK THERE IS A FRAMEWORK AND
I WOULD DIFFER FROM HOW YOU
PRESENTED THAT FRAME WORK.
THEY P WANT US TO BELIEVE IT IS
A 10 TO 12 BILLION DEAL.
THAT IS COMPLETE NONSENSE.
AMONG THE 20 STATES,
PENNSYLVANIA, OTHER BIG STATES
LIKE NEW YORK.
OTHER HARD HIT STATES ARE SAYING
NO THIS IS INADEQUATE, IT IS A
LAP IN THE FACE TO THE PEOPLE
SUFFERING HERE IN PENNSYLVANIA
AND ACROSS THE COUNTRY.
THIS IS REALLY A STORY ABOUT A
BUNCH OF GREEDY BILLIONAIRES,
THAT IS THE SACKLER FAMILY, PURR
DUE, BEING UNWILLING TO REACH
INTO THEIR PERSONAL FORTUNES TO
PAY FOR THE DAMAGE THEY CREATED
HERE IN PENNSYLVANIA AND ACROSS
THE COUNTRY.
THE COUNTRY. >> THERE IS A PUNITIVE PART, ON
THE OTHER SIDE THERE IS THE IDEA
THAT IT COST STATES LIKE
PENNSYLVANIA AND THE WHOLE
COUNTRY MULTIS OF WHAT THIS
PROPOSED SETTLEMENT WOULD LOOK
LIKE.
LIKE. SO WHAT DO YOU WANT TO GET?
WHAT WOULD FEEL LIKE SUCCESS TO
YOU?
YOU? THE SACKLERS ADMITTING
RESPONSIBILITY AND PAYING OUT OF
THEIR PERSONAL FORTUNE MAY FEEL
GOOD, SBU THE GOAL TO PAY FOR
THE DAMAGE MITIGATED BY THE
CRISIS.
CRISIS. >> I THINK WE NEED REAL
TRANSPARENCY HERE.
TRANSPARENCY HERE. THERE HAS TO BE AN
ACKNOWLEDGMENT OF THE WRONG
DOING.
DOING. THEY HAVE BENEFITTED TO $10
BILLION IN PROFIT.
IT HAS LEAD DIRECTLY TO THE
HEROIN AND FETAL CRISIS CLAIMING
THE LIVES OF 12 PENNSYLVANIANS
EACH AND ERE DAY.
THEY NEED TO DIP INTO THEIR OWN
FORTUNE.
FORTUNE. THEY’RE WILLING TO SELL OFF
OTHER COMPANIES TO PAY FOR THIS,
AND AS PART OF THE FRAME WORK
THEY WANT ATTORNEY’S GENERAL TO
SANCTION OR SUPPORT THE OVERSEAS
SALE OF OPIOIDS TO FUND ITTHIS.
I THINK THE MORE PEOPLE THAT
STUDY THE DEAL WILL REALIZE IT
IS NOT $10 TO 12 BILLION.
THEY DON’T DIP INTO THEIR
POCKETS.
POCKETS. THEY WILL NOT GIVE UP THEIR GAIN
THAT’S ARE A RESULT OF THESE
SALES, AND IT IS JUST WRONG AND
UNACCEPTABLE.
UNACCEPTABLE. WE’RE NOT TAKING IT IN
PENNSYLVANIA.
PENNSYLVANIA. THAT’S WHY I SUED THEM
PERSONALLY.
PERSONALLY. I REALIZE THEY SAY THEY’RE GOING
TO DECLARE BANKRUPTCY, THAT IS
NONSENSE.
NONSENSE. WE’RE GOING TO TAKE ON THEM
PERSONALLY AND RECOVER.
>> HOW DOES A FAMILY, HOW DOES A
FAMILY THAT IS WORTH BILLIONS
AND BILLIONS OF DOLLARS, AND A
GIANT COMPANY THAT IS SOLVENT,
HOW DO THEY HAVE THE ABILITY TO
FILE FOR BANKRUPTCY.
>> THAT IS A PHENOMENAL
QUESTION.
QUESTION. WHILE PURR DUEDUE WAS MAKING
BILLIONS, THEY SUCKED ALL OF
THAT MONEY OUT.
AND WHEN THEY SUCKED THAT MONEY
OUT THEY PUT IT IN OFF SHORE
ACCOUNTS, TRUSTS, AND THINGS
LIKE THAT.
LIKE THAT. THEY HAVE TAKEN THE MONEY FROM
PURR DUE.
PURR DUE. THEY PUT IT IN THEIR POCKET, AND
NOW THEY’RE GOING TO TURN AROUND
AND SAY YOU CAN’T HAVE ANY OF
THIS.
THIS. YOU CAN’T REACH IN AND GET OUR
ILL GOTTEN GAINS.