Purdue Pharma Judge Approves Opioid Deal – Economy

In the opioid scandal in the United States, a bankruptcy judge approved in principle the settlement reached between pharmaceutical company Purdue and 2,000 municipalities, states and hospitals. The agreement provides that Purdue will be dissolved and re-established under the aegis of a trust company. Going forward, all proceeds will go towards repairing the damage the company caused by the ruthless marketing of the highly addictive pain reliever Oxycontin. To date, more than 500,000 people have died as a result of their addiction. The former owners of Purdue, the Sackler family, whose assets are estimated at $ 11 billion, are said to contribute $ 4.5 billion to the compensation, but are immune from further civil lawsuits. The US Department of Justice and several states reject the latter. This means that an appeal against the judge’s decision is likely.

Related Articles

Back to top button