Purdue Pharma to be dissolved as judge approves criminal sentence in opioid case
Summary
Purdue Pharma will be dissolved as part of a settlement to resolve thousands of lawsuits related to the opioid crisis. A federal judge approved a criminal sentence requiring Purdue Pharma and the Sackler family to pay billions of dollars, but no individuals from the company were personally charged.Key Facts
- Purdue Pharma admitted it failed to prevent its opioid painkillers from being sold illegally.
- The company also paid doctors to prescribe opioids and influenced medical records to increase prescriptions.
- Purdue and the Sackler family agreed to pay a total of around $8 billion in fines and settlements.
- Only the company was charged criminally; no individual executives were charged.
- The settlement will dissolve Purdue; a new company focusing on public good will replace it.
- Many victims and family members of overdose deaths spoke at the sentencing, some opposing the settlement.
- About 54,000 personal injury claimants voted to accept the settlement, while roughly 200 opposed.
- The Sackler family will pay up to $7 billion over 15 years as part of the deal.
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