Purdue Pharma LP News

Purdue Settlement Talks With Sacklers Extended to November

Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company and won another extension of a breathing spell that’s shielded the family from civil lawsuits for years. Judge Sean Lane …

Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield

The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid epidemic relief efforts in exchange for protecting the company’s billionaire owners from lawsuits alleging they helped fuel the addiction crisis. …

McKinsey Targeted by School Districts Over Opioid-Related Costs

McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers fed an epidemic that harmed children and drove up educational costs, in the first such cases by educators against the consulting firm. …

Purdue Pharma to Use Public Trusts, Sackler Cash to Settle Opioid Litigation

Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to and require the company’s Sackler family owners to contribute nearly $4.3 …

Sacklers Boost Opioid Settlement Offer to $4.3 Billion – Sources

NEW YORK — Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four …

Oxycontin Maker Purdue Pharma to Plead to 3 Criminal Charges

NEW YORK — Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short …

Mallinckrodt Agrees to $1.6 Billion Opioid Settlement, Unit to File Chapter 11

Mallinckrodt Plc said on Tuesday its specialty generic unit would file for bankruptcy after agreeing to pay $1.6 billion over eight years to settle opioid-related lawsuits globally, sending the drugmaker’s shares up 48%. The settlement was reached with a court-appointed …

Supreme Court Rejects Arizona Opioid Case Against Purdue, Sackler Family

The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family — owners of Purdue Pharma LP — funneled out of …