Article 5P223 Sackler family set to pay $4.5bn to settle opioid claims after judge approves plan

Sackler family set to pay $4.5bn to settle opioid claims after judge approves plan

by
Associated Press
from World news | The Guardian on (#5P223)

Conditional approval for plan to organize drugmaker into new company with board appointed by public officials


A US federal bankruptcy judge on Wednesday conditionally approved a sweeping, potentially $10bn plan submitted by the OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades.

Related: Former Purdue Pharma chair denies responsibility for US opioid crisis

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