- A federal bankruptcy judge is expected to rule today on whether to accept a settlement between Purdue Pharma and the states and thousands of local governments over the opioid crisis. If the judge confirms the $10 billion plan, members of the Sackler family would give up ownership of the company and pay $4.5 billion while the company is converted to a new entity with its profits being used to fight the epidemic. Nine states, Washington, D.C., Seattle, and the U.S. Bankruptcy Trustee opposed the settlement, largely because of the protections granted to the Sackler family. (Articles here and here)
September 1, 2021
Opioid/Substance Use Disorders