Tuesday 27 August 2019

News Alert: OxyContin maker Purdue Pharma in talks over multibillion-dollar settlement to resolve more than 2,000 opioid lawsuits

The Sackler family, which owns the company, would lose control of the business and contribute at least $3 billion in personal funds to the settlement, which could total as much as $12 billion, according to three people familiar with the negotiations. Leaders of the plaintiffs that are part of an enormous consolidated lawsuit pending in federal court are seriously considering the offer, according to one person with knowledge of the settlement talks.
 
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News Alert Aug 27, 8:08 PM
 
 
OxyContin maker Purdue Pharma in talks over multibillion-dollar settlement to resolve more than 2,000 opioid lawsuits

The Sackler family, which owns the company, would lose control of the business and contribute at least $3 billion in personal funds to the settlement, which could total as much as $12 billion, according to three people familiar with the negotiations.
Leaders of the plaintiffs that are part of an enormous consolidated lawsuit pending in federal court are seriously considering the offer, according to one person with knowledge of the settlement talks.

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