Purdue Pharma Offers $10-12 Billion to Settle Opioid Claims

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https://www.nbcnews.com/news/us-news/purdue-pharma-offers-10-12-billion-settle-opioid-claims-n1046526

The maker of OxyContin, Purdue Pharma, and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion. The potential deal was part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland, Aug. 20, 2019 according to two people familiar with the mediation.

Five more states filed lawsuits against Purdue Pharma on Thursday, bringing to 44 the total number accusing the OxyContin maker of fueling the nation’s opioid crisis.

Two members of Congress also accused the World Health Organization on Wednesday of helping Purdue Pharma use the same “propaganda campaign” that fueled the opioid epidemic in the United States to expand drug sales internationally.

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