Bankruptcy judge approves $7.4 billion Purdue Pharma settlement to resolve opioid crisis lawsuits

bbc.com

A bankruptcy judge approved a $7.4 billion settlement for Purdue Pharma, aiming to resolve legal battles over its role in the US opioid crisis. The deal requires the OxyContin maker and its owners, the Sackler family, to pay billions. This plan is expected to conclude years of litigation and provide funds for addiction treatment. Purdue Pharma, which filed for bankruptcy in 2019, will be replaced by a nonprofit. The settlement does not grant the Sackler family immunity from future lawsuits.


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