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Purdue Pharma and the Sackler family have agreed to increase by over $1 billion after the Supreme Court overturned a prior settlement in 2024.
"Today, we are forcing Purdue Pharma and the Sackler family to pay $7.4 billion for their role in igniting one of the most devastating public health crises in American history." ...
The Sackler family will pay the vast majority of the settlement — a total of $6.5 billion over 15 years — while Purdue will pay nearly $900 million up front, if it's approved by the court.
Purdue Pharma told a U.S. bankruptcy judge on Tuesday that it will finalize a new bankruptcy plan in March, with the company's Sackler family owners potentially paying more than their previously ...
Purdue Pharma owners strike new $6.5 billion deal in opioid case. The deal comes after the Supreme Court blocked a controversial bankruptcy plan for Purdue that shielded Sackler family members ...
Purdue Pharma’s Sackler family owners are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits while accepting some exposure to future litigation.
State AGs have reached a new opioid settlement worth $7.4 billion with Purdue Pharma and its owners. The settlement does not give Sackler family members immunity from future opioid lawsuits.
Jan. 23 (UPI) --The Sackler family and Purdue Pharma have agreed to pay a $7.4 billion settlement to end federal court claims filed by attorneys general on behalf of 15 states.New York Attorney ...
Purdue Pharma on Thursday received an 18-day extension of a years-long pause on litigation against its owners, members of the wealthy Sackler family, after convincing a U.S. bankruptcy judge that ...
Purdue Pharma’s creditors and more than 40 states are preparing a barrage of legal actions against members of the Sackler family, less than two weeks after the Supreme Court denied them legal ...
Purdue Pharma LP secured a two-month window to negotiate a new pact with members of the Sackler family as the OyxContin maker and its owners brace for a potential wave of civil opioid lawsuits ...