Sackler family to pay $4.2 billion toward opioid lawsuit settlement
Purdue Pharma pleads guilty to felony charges, will pay $8 billion
Replay Video UP NEXT The Sackler family boosted its contribution to the settlement of opioids lawsuits to $4.2 billion under a restructuring plan filed overnight by Purdue Pharma with a federal bankruptcy court in White Plains, New York. Purdue said the plan amounts to $10 billion of value for claimants and communities affected by the opioid crisis that was fueled by the company s aggressive marketing of OxyContin, according to multiple lawsuits. Today marks an important step toward providing help to those who suffer from addiction, and we hope this proposed resolution will signal the beginning of a far-reaching effort to deliver assistance where it is needed, the Sackler family said in a statement.
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