business / economy
3 hours ago

Purdue Pharma, Sacklers Agree to $7.4 Billion Opioid Settlement

Purdue Pharma, Sacklers Agree to $7.4 Billion Opioid Settlement
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7 Highlights
  • Purdue Pharma's $7.4B settlement resolves opioid crisis lawsuits.
  • Sackler family pays $6.5B over 15 years, Purdue adds $900M.
  • Funds support opioid treatment, including $850M for victims.
  • Fifteen states were key in securing settlement approval.
  • Purdue's OxyContin sales tied to 700,000 U.S. overdose deaths.
  • Settlement creates public Purdue entity under state control.
  • Sackler wealth remains largely protected in offshore accounts.
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