Purdue Pharma and owners to pay $7.4 billion in settlement of lawsuits over the toll of OxyContin
2 months ago

Purdue Pharma and owners to pay $7.4 billion in settlement of lawsuits over the toll of OxyContin

Associated Press  

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, the attorneys general from several states announced Thursday. The deal, agreed to by Purdue Pharma, the Sackler family members who own the company and lawyers representing state and local governments and thousands of victims of the opioid crisis, replaces a previous settlement deal that was rejected last year by the U.S. Supreme Court. The deal also includes as much as $800 million set aside to pay for future settlements if new lawsuits arise against the Sacklers, according to the New York attorney general’s office. In an October 2024 filing, one branch of the family pledged to defend itself in any cases that are allowed to move ahead, saying that the legal theory at the heart of the lawsuits — that Purdue and Sackler family members created a “public nuisance” — “is utterly devoid of merits.” ___ Associated Press reporters David Collins in Hartford, Connecticut, and Anthony Izaguirre in Albany, New York, contributed to this report.

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