Sackler Family to Pay $7B in Opioid Settlement

Federal court approves Purdue Pharmas bankruptcy plan, requiring Sackler family to contribute $7B over 15 years to combat opioid crisis. Funds will be distributed to individuals and survivors, with entities still able to pursue legal action. Sacklers will give up ownership, rename company, and ban opioid sales. Individuals may receive $8-16K, depending on OxyContin use. Company to release internal documents. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.