Purdue Pharma and Sackler Family Reach $7.4 Billion Settlement Over Opioid Crisis

Purdue Pharma and Sackler Family Reach $7.4 Billion Settlement Over Opioid Crisis

1 minute read
Updated 13 days ago

Settlement Details

and the Sackler family agreed to a $7.4 billion settlement with 55 states and territories, aiming to resolve lawsuits over the opioid crisis, including significant payments to states and a ban on selling opioids in the

The settlement includes $6.5 billion from the Sacklers and $900 million from Purdue, with funds allocated to individuals, state and local governments, and Native American tribes, and is designed to be distributed within the first few years.

Legal and Social Implications

This settlement, which requires court approval, aims to compensate victims, fund addiction treatment, and prevent future tragedies, marking a significant step towards accountability and recovery from the opioid epidemic.

The agreement comes after a previous settlement was rejected by the , and it represents a collective effort by attorneys general across the nation to hold Purdue and the Sacklers accountable for their role in fueling the opioid crisis.
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