Sackler family to pay $4.2 billion toward opioid lawsuit settlement, documents show
Posted on AllSides March 16th, 2021
From The Left
The Sackler family boosted its contribution to the settlement of opioids lawsuits to $4.2 billion under a restructuring plan filed overnight by Purdue Pharma with a federal bankruptcy court in White Plains, New York.
Purdue said the plan amounts to $10 billion of value for claimants and communities affected by the opioid crisis that was fueled by the company's aggressive marketing of OxyContin, according to multiple lawsuits.