Judge approves opioid settlement for Purdue Pharma and Sackler family members who own the company

ABC NewsTuesday, November 18, 2025 at 4:21:53 PM
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Judge approves opioid settlement for Purdue Pharma and Sackler family members who own the company
  • A bankruptcy court judge has approved a settlement plan for Purdue Pharma, addressing thousands of lawsuits tied to the opioid epidemic. The plan includes contributions from the Sackler family, who own the company, amounting to up to $7 billion over time. This approval is a significant step in Purdue's bankruptcy proceedings, allowing the company to emerge from legal turmoil and focus on restructuring.
  • The settlement is crucial for Purdue Pharma as it seeks to resolve its financial liabilities and restore its reputation after being at the center of the opioid crisis. The financial contributions from the Sackler family are intended to provide compensation to victims and their families, marking a pivotal moment in the ongoing battle against opioid addiction.
  • This development highlights the broader implications of the opioid crisis in the United States, where pharmaceutical companies face increasing scrutiny and legal challenges. The approval of this settlement reflects a growing recognition of the need for accountability and reparations in the wake of widespread addiction and its devastating effects on communities across the nation.
— via World Pulse Now AI Editorial System

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Federal judge approves opioid settlement for Purdue Pharma
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A federal bankruptcy court judge has approved Purdue Pharma's settlement plan regarding thousands of lawsuits related to the opioid crisis. The plan mandates that members of the Sackler family, who own the company, contribute up to $7 billion over a period of 15 years. The majority of the funds will be allocated to government entities to combat the opioid epidemic, which has been associated with approximately 900,000 deaths in the United States since 1999.
Judge approves opioid settlement for Purdue Pharma and Sackler family members who own the company
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A federal bankruptcy court judge has approved Purdue Pharma's plan to settle thousands of lawsuits related to the opioid crisis. This decision allows the company, known for its OxyContin painkiller, to move forward with its bankruptcy proceedings. The settlement is seen as a significant step in addressing the legal challenges faced by Purdue Pharma and its owners, the Sackler family.