A settlement has been reached in a lawsuit, as owners of Purdue Pharma will pay billions over their role in the opioid crisis. The settlement was announced Thursday.
The deal comes after the Supreme Court blocked a controversial bankruptcy plan for Purdue that shielded Sackler family members from future lawsuits.
Purdue Pharma and the Sackler families agreed Thursday to increase their financial contribution to $7.4 billion to resolve mass opioid litigation.
Members of the Sackler family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion to settle lawsuits over the toll of the powerful prescription painkiller.
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A settlement was reached in principal between Purdue Pharma, the Sackler Family, states, and the victims of the opioid crisis.