Purdue Pharma makes new offer to settle lawsuits over Oxycontin opioid crisis, and it includes up to $7 billion cash from the Sacklers

Quick Summary:

A previous version was rejected last year by the Supreme Court because it protected members of the Sackler family from civil lawsuits even though none of them filed for bankruptcy protection themselves.

If they do not, they can still sue Sackler family members, who agreed to put in about $1 billion more than under earlier plans.

Members of the family have been cast as villains and have seen their name removed from art galleries and universities around the world because of their role in the privately held company.

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Article Details

Author / Journalist: Geoff Mulvihill, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Settlement Opioids Opioid epidemic Opioid Crisis Purdue pharma Oxycontin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 09:40:48 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 119 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27170351

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