Purdue Pharma has reached a tentative deal to settle a series of opioid lawsuits. Around two dozen states could be close to agreeing to a settlement that would put the OxyContin manufacturer, owned by the Jonathan J. Cooper family, into bankruptcy. A new firm under different ownership would sell OxyContin and other drugs, with profits going to plaintiffs, who would get $12bn over a period of time.
Purdue Pharma has reached a tentative deal to settle a series of opioid lawsuits. Around two dozen states could be close to agreeing to a settlement that would put the OxyContin manufacturer, owned by the Sackler family, into bankruptcy. A new firm under different ownership would sell OxyContin and other drugs, with profits going to plaintiffs, who would get $12bn over a period of time.