Federal judge approves bankruptcy settlement for Purdue PharmaA federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments. Members of the Sackler family would give up ownership of the company and pay $4.5 billion. The company is converted to a new entity with its profits being used to fight the epidemic.
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Judge approves Purdue Pharma plan, freeing Sacklers from opioid lawsuits
Drugmaker will be organized into new company with board appointed by public officials and Sackler family will pay $4.5bn
U.S. judge says he will approve Purdue Pharma bankruptcy plan that shields Sacklers
A U.S. judge said he will approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company's wealthy Sackler family owners from future opioid litigation.
Judge Conditionally Approves Purdue Pharma Opioid Settlement
STAMFORD, Conn. (AP) — A federal bankruptcy judge gave conditional approval Wednesday to a sweeping settlement that will remove the Sackler family from ownership of OxyContin maker Purdue Pharma and devote potentially $10 billion to fighting the opioid crisis that has killed a half-million Americans over the past two decades.If it withstands appeals, the deal will resolve a mountain of 3,000 lawsuits from state and local governments, Native Amer…
Judge conditionally approves opioid settlement
A Massachusetts woman whose two sons died a decade apart from opioid overdoses says she is hopeful that a settlement in the case against OxyContin maker Purdue Pharma will lead to better treatment for opioid addicts. (Sept. 1)
Purdue Pharma owners to pay billions over opioid crisis in immunity bankruptcy deal
The Sackler family maintains they’re not responsible for the opioid crisis
Judge approves plan to dissolve OxyContin maker Purdue Pharma
A federal bankruptcy judge ruled that Purdue Pharma, the maker of the addictive painkiller OxyContin, will be dissolved under a settlement deal and that its owners, members of the Sackler family, will pay out more than $4 billion to address the opioid epidemic that's killed more than 500,000 Americans.
Judge prepares to rule on Purdue Pharma's opioid settlement
A U.S. bankruptcy judge says bitterness would be “completely understandable” as he prepares to rule on a plan for OxyContin maker Purdue Pharma to settle lawsuits over its role in the opioid crisis
Conditional settlement reached with Purdue over opioid crisis in US
A US federal bankruptcy judge gave conditional approval to a settlement that will remove the Sackler family from ownership of OxyContin maker Purdue Pharma and devote potentially 10 billion US dollars to fighting the opioid crisis that has killed half a million Americans over the past two decades.
OxyContin maker’s bankruptcy plan that shields Sackler family from future lawsuits to be approved
The bankruptcy plan includes a $US4.5 billion contribution from the billionaire owners of Purdue Pharma along with legal releases shielding the family from future opioid lawsuits.
Purdue Pharma Is Dissolved and Sacklers Pay $4.5 Billion to Settle Opioid Claims
The ruling in bankruptcy court caps a long legal battle over the fate of a company accused of fueling the opioid epidemic and the family that owns it.