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Transcripts For KQED Nightly Business Report 20240714

Nbc news reported late this afternoon that purduea pha is offering between 10 and 12 billion to settle mor than 2,000 lawsuits connected to its role in the crisis. Purdue pharma, you may know, is the maker of oxycontin, the powerful pain killer that has been at the center of the opioid epidemic. The reportede offer to set come one day after a landmark ruling against j j which, as we reported last night, was ordered to pay half a big tettle lies dolla half a bil dollars to the sf oklahoma for helping to ignite one of the biggest epidemics in his. Ylan moiy has the details from reporter Purdue Pharma and the family are negotiating to settle the lawsuit between them. About 2,000 cases were consolidated cn federrt in ohio, accusing the company of starting and susining the ioid crisis. Nbc reports purdue has proposed fili bankruptcy and restructuring into a forprofit trust. That trust would p out between 8 and 8 billion, including about 4 billion of inkind drugs to localgovernment, includin

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