At least 16 states reject settlement deal with OxyContin maker Purdue Pharma
, the Sackler family would give up control of Purdue, which would then declare bankruptcy and be converted into a for-profit trust. The proceeds from the sale of drugs would go to the plaintiffs, who include more than 45 states and territories and nearly 2,300 cities and counties. The whole deal, which includes additional money from the Sacklers, is valued at $10 billion to $12 billion.
The group of lawyers representing the cities and counties suing Purdue issued its own statement saying it had agreed to recommend approval of the deal to its clients. The opinions split largely on party lines. All but one of the attorneys general who told NBC News they are against the deal are Democrats, while all but three of the attorneys general in favor of the deal are Republicans.
"We believe they created a mess and must help to clear it up," said Attorney General Josh Stein."I am now preparing filings to sue the Sackler family."
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