Purdue Pharma settlement takes effect, sending estimated $44.5M to Arkansas
The agreement resolves claims over OxyContin marketing and sends funds for treatment, prevention and recovery services.
- On Monday, Texas Attorney General Paxton announced that a $7.4 billion settlement with Purdue Pharma and the Sackler family has taken effect, resolving litigation over the company's role in the opioid crisis.
- Texas sued the OxyContin maker in 2018, accusing it of deceptively marketing opioid painkillers while downplaying addiction risks; the company filed for bankruptcy in 2019 following mounting lawsuits.
- The state expects to receive about $286.5 million from the agreement, part of more than $3 billion in total settlement funds secured by Texas, as operations transferred to Knoa Pharma LLC.
- Settlement funds will support addiction treatment, recovery services, and prevention programs addressing the public health emergency, while the deal requires releasing more than 30 million internal company documents and establishing an independent monitor.
- Efforts to curb the epidemic include the 'Friday Night Lights Against Opioids' pilot program aimed at student-athletes, reflecting a broader national crisis where opioid-related overdoses have claimed thousands of lives in recent years.
13 Articles
13 Articles
NH to get nearly $30 mil. from final Purdue Pharma settlement
After a decade of work, the $7.4 billion settlement between Purdue Pharma, an opioid manufacturer, and state prosecutors has been reached which will give New Hampshire nearly $30 million over
Texas To Receive $286.5 Million From Purdue Pharma Settlement, Paxton Says
Texas is set to receive $286.5 million as part of a $7.4 billion settlement with Purdue Pharma and the Sackler family, Attorney General Ken Paxton announced. The agreement, which was finalized last year and has now taken legal effect, is part of broader efforts to hold the pharmaceutical company and its owners accountable for their role in the nationwide epidemic. In total, Paxton said Texas has secured more than $3 billion in total opioid-relat…
Attorney General Raoul's $7.4 Billion Opioid Settlement With Purdue Goes In Effect; Illinois To Receive An Estimated $148.8 Million
CHICAGO – Attorney General Kwame Raoul today announced that a $7.4 billion settlement reached with Purdue Pharma and its owners, the Sackler family, has become legally effective, capping nearly a decade of work by attorneys general from across the country who pursued investigations and litigation over Purdue’s and the Sackler family’s role in fueling the opioid crisis.Raoul and a bipartisan coalition of 55 attorneys general, representing all eli…
Texas secures $286M as $7.4B Purdue Pharma opioid settlement takes effect
Texas AG Ken Paxton announces that the $7.4 billion Purdue Pharma settlement is now official, securing $286.5 million for state addiction recovery and permanently banning the Sackler family from the U.S. opioid market.
There's A Profound Lesson In Purdue Pharma's Implosion, But Will We Learn?
Suppose there was an explosion at an oil refinery that killed hundreds of people. Presumably, there would be a major investigation to determine what went wrong and how to prevent a similar accident in the future.But it’s different with the pharmaceutical industry. Purdue Pharma, one of the drug companies at the center of the opioid crisis, was finally put to death as the result of lawsuits over its pushing of OxyContin. The allegation is that th…
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