OxyContin News

Purdue, Sackler Family Reach New $7.4 Billion Opioid Accord

Bankrupt Purdue Pharma LP and members of the billionaire Sackler family agreed to pay $7.4 billion to a group of U.S. states and other parties to settle long-running litigation over OxyContin’s role in the deadly opioid epidemic. The deal comes …

Purdue’s Sacklers Offer to Increase Contribution in New Opioid Settlement, WSJ Reports

The Sackler family, owners of Purdue Pharma, is offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits, while agreeing to some exposure to future litigation, the Wall Street Journal reported on Monday. Some family members who …

Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says

Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed lawsuits alleging that its painkiller OxyContin spurred a deadly opioid-addiction crisis in the U.S., …

Consulting Firm Mckinsey Agrees to $78M Settlement with Insurers over Opioids

Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds that its work with drug companies helped fuel an opioid addiction crisis. The agreement was revealed late Friday in documents …

Supreme Court Wrestles with OxyContin Maker’s Bankruptcy Deal, with Billions of Dollars at Stake

WASHINGTON (AP) — The Supreme Court on Monday wrestled with a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. The justices …

Ruling Clears Way for Purdue Pharma to Settle Opioid Claims, Protect Sacklers

A federal court ruling cleared the way Tuesday for OxyContin maker Purdue Pharma’s settlement of thousands of legal claims over the toll of opioids. Under the plan approved by the 2nd U.S. Circuit Court of Appeals in New York, members …

Facing Purdue Owners Brings Pain, Closure for Opioid Victims

NEW YORK (AP) — Kara Trainor composed herself, looked into a camera and began to speak to the drugmakers she holds responsible for two decades of suffering that has extended from her to a son born dependent on opioids. Three …

Opioid Victims to Confront Purdue Pharma’s Sacklers in Court

Victims of America’s opioid addiction epidemic will confront in court on Thursday the Sackler family members who own OxyContin-maker Purdue Pharma, in an attempt to force them to face their role in a crisis that claimed 500,000 overdose deaths. The …

Purdue Pharma Judge Overrules DOJ to Approve $6B Opioid Settlement

The judge overseeing Purdue Pharma’s bankruptcy on Wednesday approved a $6 billion opioid settlement funded by its Sackler family owners, overruling objections from the Department of Justice and 20 states that opposed the deal. Under the settlement, the Sacklers would …

J&J, Distributors Finalize $26B Landmark Opioid Settlement

CAMDEN, N.J. (AP) Drugmaker Johnson & Johnson and three major distributors finalized nationwide settlements over their role in the opioid addiction crisis Friday, an announcement that clears the way for $26 billion to flow to nearly every state and local …