A settlement between the Sacklers, its company — Purdue Pharma — and multiple state and local governments is in jeopardy after the family initially refused to give up $4.5 billion of their own wealth to settle opioid claims. But now, NPR reports that the Sackler family has agreed to give up the entire value of the privately owned firm to settle claims that Purdue played a central role in the nations deadly opioid epidemic, in addition to three billion dollars in cash. The opioid epidemic has taken an estimated 400,000 lives in the U.S. in the last two decades. It’s now expected that the company, which produces the opioid OxyContin, will soon file for bankruptcy. Should that happen, almost every state government and some 2,000 local governments would...
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What A Settlement By Purdue Pharma Means For The Opioid Crisis