Purdue Pharma has support from 23 states for a tentative deal on opioid litigation, people familiar with the talks say, but other states are holdouts
Purdue Pharma LP has secured support from 23 states and thousands of local governments for a multibillion-dollar deal that could enable the drugmaker to resolve much of the opioid litigation it faces through a planned bankruptcy restructuring, according to people familiar with the matter.
The embattled OxyContin maker and its owners, the Sacklers, have been fighting some 2,500 lawsuits brought by virtually every state as well as cities, counties, Native American tribes and others accusing the company of helping fuel widespread...
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Purdue Pharma reportedly reaches tentative deal to settle thousands of opioid casesOxyContin maker Purdue Pharma has reportedly reached a tentative agreement to settle some 2,000 opioid lawsuits filed by local governments, Native American tribes and states set to go to trial next month.
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Purdue Pharma Reaches Tentative Settlement In State And Federal Opioid LawsuitsThe settlement could be worth up to $12 billion.
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Purdue Pharma Reaches Tentative Settlement In State And Federal Opioid LawsuitsOxyContin manufacturer Purdue Pharma has reportedly reached a tentative settlement that could be worth up to $12 billion by lisettevoytko
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The Sackler family could give up Purdue Pharma, source saysThe Sackler family could give up its ownership of Purdue Pharma and up to $4.5 billion of their own money, as one possible settlement option over the more than 2,000 lawsuits filed against their company, a person with knowledge of the negotiations tells CNN.
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Exclusive: Purdue Pharma nears partial opioid settlement, bankruptcy filing - sourcesOxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve wides...
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