OxyContin maker settles with 2,000 plaintiffs on opioids
OxyContin maker reaches settlement with 2,000 plaintiffs in opioid crisis
Attorneys representing more than 2,000 local governments, Native American tribes, hospitals and unions have reached a tentative settlement with Purdue Pharma, with the OxyContin maker being held partially responsible for the nation’s ongoing opiate epidemic. The pharmaceutical giant agreed to a deal after months of negotiation that had been proposed weeks ago, according to Attorney Paul Farrell. Under terms of the settlement, the Sackler family will relinquish control over the Stamford, Conn.-based company, which has agreed to pay more than $12 billion in damages over a still-unspecified period of time, according to sources close to the situation. About $3 billion of that $12 billion settlement will come directly from the Sackler family's personal wealth.
Attorneys representing more than 2,000 local governments, Native American tribes, hospitals and unions have reached a tentative settlement with Purdue Pharma, with the OxyContin maker being held partially responsible for the nation’s ongoing opiate epidemic. The pharmaceutical giant agreed to a deal after months of negotiation that had been proposed weeks ago, according to Attorney Paul Farrell. Under terms of the settlement, the Sackler family will relinquish control over the Stamford, Conn.-based company, which has agreed to pay more than $12 billion in damages over a still-unspecified period of time, according to sources close to the situation. About $3 billion of that $12 billion settlement will come directly from the Sackler family's personal wealth.
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