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Sacklers to lose control of New York-based foundations in opioid settlement
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Purdue Pharma to Pay $4 5B in New York Settlement Over Role in Opioid Crisis
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$150 Million Gift Will Make Yale Drama School Tuition Free
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15 states reach $4 5B settlement with OxyContin-maker Purdue Pharma
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New York is joining several other states in winning a multi-billion dollar settlement - one of the largest in the country’s history - with Purdue Pharma for its role in the opioid epidemic that has plagued the US for years.
Gov. Andrew Cuomo announced a $4.5 billion settlement with the pharmaceutical company that will put them out of business after falsely marketing its products to get Americans hooked on opioids.
The owners of Purdue Pharma, the Sackler family, will pay out a total of $4.325 billion over the next nine years, with New York State receiving approximately $200 million.