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Purdue Pharma, Sacklers reach $7.4 bln national opioid settlement

  • Purdue Pharma and the Sackler family have agreed to pay up to $7.4 billion to settle lawsuits regarding the opioid crisis, as announced by New York Attorney General Letitia James.
  • The new settlement replaces a previous deal rejected by the U.S. Supreme Court and includes a contribution of up to $6.5 billion from the Sacklers.
  • Purdue Pharma will also pay nearly $900 million, and the Sacklers will relinquish ownership of the company under the new agreement.
  • The settlement aims to provide resources for victims and communities affected by the opioid crisis, as stated by Purdue Pharma.
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Eagle-Tribune broke the news in on Thursday, January 23, 2025.
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