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Sacklers Reach $7.4 Billion Opioid Settlement, Way Left Open for Further Suits

Purdue Pharma and its owners the Sackler family have reached a new $7.4 billion settlement to resolve thousands of lawsuits relating to the opioid-based pain medication Oxycontin

The new settlement will not protect Purdue or the Sacklers from further lawsuits from states, local governments or individual victims of the opioid crisis

Sacklers Reach $7.4 Billion Opioid Settlement, Way Left Open for Further Suits Image Credit: Drew Angerer / Staff / Getty Images
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Purdue Pharma and its owners the Sackler family have reached a new $7.4 billion settlement to resolve thousands of lawsuits relating to the opioid-based pain medication Oxycontin.

The settlement comes nearly seven months after the US Supreme Court overturned a previously negotiated settlement that would have granted the Sacklers broad immunity from lawsuits in exchange for a $6 billion settlement.

The Supreme Court overturned the settlement on the basis that the Sacklers were not entitled to legal protections intended to benefit bankrupt debtors.

The new settlement will not protect Purdue or the Sacklers from further lawsuits from states, local governments or individual victims of the opioid crisis.

The deal was negotiated by 15 states, including New York, California, Connecticut, Oregon, Texas, Florida and West Virginia. Other states will be asked to sign on the settlement, which will only become final when it is approved by a US bankruptcy judge.

The opioid crisis is reckoned to have claimed some 700,000 lives over two decades. The role of the Sacklers in the crisis was explored in the bestselling book Empire of Pain by Patrick Radden Keefe.

Purdue filed for bankruptcy in 2019 as the company faced thousands of lawsuits accusing it and the Sackler family of using deceptive marketing to drive sales of its addictive pain medicines, including Oxycontin.

The company pleaded guilty to misbranding and fraud charges related to its marketing of OxyContin in 2007 and 2020. Although members of the Sackler family have expressed their “regret” about Oxycontin’s role in the opioid crisis, they have never admitted wrongdoing.

Connecticut attorney General William Tong said the new settlement would help provide closure to victims of the opioid crisis.

“It’s not just about the money,” Tong said. “There is not enough money in the world to make it right.”


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