Jan 23, 2025 · 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.

Jan 23, 2025 · New York will receive up to $250 million from the settlement, which will support opioid treatment and recovery programs throughout the state. In addition to delivering $7.4 billion to address the opioid crisis, the settlement reflects the end of the Sacklers’ control of Purdue and bars them from selling opioids in the United States.

Purdue Pharma L.P., formerly the Purdue Frederick Company (1892–2019), was an American privately held pharmaceutical company founded by John Purdue Gray. It was sold to Arthur , Mortimer , and Raymond Sackler in 1952, and then owned principally by the Sackler family and their descendants.

Jan 23, 2025 · New York was one of the leaders in pursuing the pharmaceutical giant. The state will receive up to $250 million, adding to its total of more than $3 billion secured from opioid settlements. Attorney General Letitia James said New York State's funds will support treatment and prevention programs, with a significant portion distributed in the ...

Jan 23, 2025 · The Sackler family and Purdue Pharma, the maker of the addictive painkiller oxycontin, have reached a $7.4 billion settlement with a bipartisan coalition of 15 states for fueling the opioid crisis ...

Jan 23, 2025 · New York Attorney General Letitia James today announced that a bipartisan coalition of states, and other parties led by the Office of the Attorney General (OAG) have reached a $7.4 billion settlement in principle with members of the Sackler family and their company Purdue Pharma, Inc. (Purdue) for their instrumental role in creating the opioid ...

Jul 8, 2021 · NEW YORK – New York Attorney General Letitia James today announced a resolution of her lawsuit against the Sackler family and their company, Purdue Pharma, for their role in fueling the opioid crisis. The agreement will, first and foremost, shut down Purdue Pharma and end the Sackler family’s ability to manufacture opioids ever again.

Dec 4, 2023 · The Supreme Court heard arguments on Monday over a bankruptcy deal for Purdue Pharma that would give billions of dollars to those harmed by the opioid epidemic in exchange for shielding members...

Jun 27, 2024 · The hard-fought settlement of thousands of lawsuits against Purdue Pharma was close to capsizing on Thursday, after the Supreme Court rejected liability protections for the company’s owners,...

NEW YORK, Oct 31 (Reuters) - Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed...