The Sackler family and Purdue Pharma, the maker of the addictive painkiller oxycontin, have reached a $7.4 billion settlement with a bipartisan coalition of 15 states for fueling the opioid crisis, ...

There’s been mediation seeking a new deal since the court’s ruling was delivered. If one is not reached, it could open the floodgates to lawsuits against Sackler family members. A court order blocking ...

In that ruling, the Supreme Court said that the Sackler family had not filed for bankruptcy themselves “yet they seek what essentially amounts to a discharge.” The new settlement, which was ...

The deal comes after the Supreme Court blocked a controversial bankruptcy plan for Purdue that shielded Sackler family ...

The agreement will dissolve the OxyContin (oxycodone) manufacturer – which Judge Robert Drain said was a "bitter result", with around $4.5 billion being paid out by the Sackler family to ...

the new deal will not include a provision that protects the Sackler family from civil litigation – a point of contention that the Supreme Court said violated bankruptcy law. However, they will ...

Jan. 23 (UPI) --The Sackler family and Purdue Pharma have agreed to pay a $7.4 billion settlement to end federal court claims filed by attorneys general on behalf of 15 states. New York Attorney ...

The Sackler family and its company ... “Purdue Pharma’s bankruptcy case was heard before the Supreme Court of the United States in December 2023. In June 2024, the Court voted 5-4 against ...

Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits ...

Supreme Court hears case that could shield Purdue Pharma owners from opioid lawsuits The Supreme Court heard arguments in one of the most important corporate bankruptcy cases in decades.

Purdue Pharma, the makers and marketers of the highly addictive opioid OxyContin, and the family that owned the company, the Sackler family, have agreed to pay $7.4 billion to individuals, states ...

The Supreme Court blocked the earlier agreement last ... it could open the floodgates to lawsuits against Sackler family members. A U.S. Bankruptcy judge is expected to decide Friday whether ...