Opioid lawsuits force American Pain Society to consider bankruptcy

The American Pain Society is considering filing for bankruptcy as opioid-related legal costs continue to grow, according to STAT.

The professional society —  which was named as a defendant in many of the lawsuits filed by state and city governments over the opioid crisis —  said its financial problems were exacerbated by the mounting legal expenses from defending the lawsuits.

"The society's precarious financial position had been compounded and complicated by spurious lawsuits and subpoenas. Despite our best efforts to negotiate and collaborate on getting dismissal of these lawsuits, APS has been unable to accomplish that and remains subject to current and potential future litigation. This, combined with the declining membership and meeting attendance, has created the perfect storm," the APS board wrote to its members, according to STAT.

A decision on the bankruptcy filing is expected May 28.

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