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Jan 23, 2025 Purdue Pharma and the Sackler family reached a $7.4 billion settlement over opioid-crisis lawsuits, pending court approval Tier 1 · Primary Institutions and Governance
A large settlement addressing corporate and family accountability for the opioid epidemic will restructure the company and direct funds to affected communities, pending judicial review.
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- Purdue Pharma and Sacklers reach $7.4bn settlement — Purdue Pharma and the Sackler family have agreed to a $7.4 billion settlement to resolve thousands of lawsuits related to the opioid crisis. The settlement, which requires court approval, involves the Sacklers relinquishing control of Purdue Pharma, which will be restructured with a new board appointed by states and other plaintiffs. The funds will be distributed among victims, survivors, and state and local governments to combat the opioid epidemic. This settlement follows a previous $6 billion agreement that was blocked by the Supreme Court.
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Week 1 – 2025-01-20–2025-01-24
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