Judge Approves $7.4 Billion Opioid Settlement for Purdue Pharma and Sackler Family
In a significant legal development, a judge has approved a $7.4 billion bankruptcy settlement plan for Purdue Pharma, the maker of OxyContin. This decision includes contributions from the Sackler family, who will financially support victims of the opioid crisis. The settlement, which is expected to resolve thousands of lawsuits against the company, could potentially end years of litigation related to the opioid epidemic. This approval comes amid expectations of financial aid for states, including West Virginia, and aims to establish a new public health company to address the ongoing crisis.
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