Purdue Pharma and Sackler family agree to $7.4 billion settlement

Purdue Pharma and its owners, the Sackler family, reached a settlement of up to $7.4 billion for its role in the opioid crisis, less than a year after the Supreme Court tossed out a proposed $6 billion settlement. The settlement, in principle, announced Thursday by New York Attorney General Letitia James, would not shield the parties from additional liability, which was part of the previous settlement that was found to be an abuse of bankruptcy protections. “My office is making Purdue Pharma and the Sackler family pay up to $7.4...