Category: Sacklers

Sacklers to Pay $6 Billion to Settle Purdue Opioid Lawsuits

The Sackler family owners of Purdue Pharma LP reached a deal with a group of attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the U.S. opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy. The attorneys general for eight states and the District of…

Purdue Pharma Bankruptcy Mediator Says Sacklers, US States Closer to Deal Over Opioid Claims

A mediator reported on Tuesday that members of the Sackler family that own Purdue Pharma and U.S. states opposed to the OxyContin-maker’s bankruptcy exit plan are “even closer” to a settlement over claims that the company fueled a U.S. opioid epidemic. The mediator asked a bankruptcy judge to extend the deadline for negotiations to Feb….

Sacklers Near Deal to Increase Opioid Settlement in Purdue Bankruptcy

Members of the Sackler family who own Purdue Pharma LP. are nearing an agreement to boost their more than $4 billion offer to resolve sprawling opioid litigation after negotiating with states that had objected to terms of the OxyContin maker’s bankruptcy reorganization, according to a court filing. Sackler family members and states objecting to terms…