The Sackler family will now relinquish control of Purdue Pharma and cease sale of opioids in the U.S. as part of a $7.4 billion settlement.

Purdue Pharma announced its settlement with all 55 attorneys general on Monday after longstanding allegations.

It is understood that members of the Sackler family will contribute $6.5 billion of their personal fortunes to the payouts, while Purdue Pharma will give around $900 million.

Purdue Pharma and Sackler family members who own the company have reached a $7.4 billion settlement with all 50 states and U.S. territories over the company's improper marketing of opioids.

The Sackler family members included in the settlement include the eight heirs of Purdue founders Raymond and Mortimer Sackler who served on the Board of Purdue: Richard, Kathe, Mortimer Jr., Ilene ...