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Purdue Pharma, Sacklers reach $7.4 bln national opioid settlement

  • Members of the Sackler family agreed to pay up to $7.4 billion in a new settlement regarding lawsuits over opioid use, announced by New York Attorney General Letitia James.
  • The settlement is more than $1 billion higher than a previous deal rejected by the U.S. Supreme Court.
  • The new plan includes the Sackler family relinquishing ownership of Purdue Pharma, which will become a new entity with a board appointed by states and others involved in lawsuits.
  • A portion of the settlement funds will benefit victims of the opioid crisis or their survivors.
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