New York State Team
New York and 14 other states have reached a $4.5 billion settlement with Purdue Pharma, the maker of OxyContin, potentially ending years of legal battles over the company's connection to the opioid epidemic.
The major opioid settlement was revealed in a mediator's report filed late Wednesday in federal bankruptcy court in White Plains, in which the 15 states — including New York, New Jersey, Pennsylvania and Massachusetts — supported the deal and agreed to drop their opposition to Purdue's bankruptcy.
“For nearly two years, since Purdue Pharma declared bankruptcy, the company and the Sackler family have used every delay tactic possible and misused the courts — all in an effort to shield their misconduct,” New York Attorney General Letitia James said in a statement Thursday.