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A toxic mix: opioid victims’ $1bn hit from repeat pharma bankruptcy

Oct 06, 2023

“The bankruptcy system has left victims with a fraction of the compensation they would have been entitled to outside of bankruptcy,” said Joseph Steinfeld, a lawyer who represents thousands of individual victims of Mallinckrodt opioids. “Worse, they have no real power to object when creditors, who have a higher priority, can cram down their recoveries to next to nothing.”