OxyContin maker Purdue Pharma and its owners, the Sackler family, is in discussi...
- OxyContin maker Purdue Pharma and its owners, the Sackler family, is in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Purdue said it was actively working with state attorneys general and other plaintiffs to reach a resolution, without specifying a settlement amount. Purdue reached a settlement in March for $270 million to resolve a similar lawsuit by the state of Oklahoma. Attorney Mary Jo White, who represents one wing of the Sackler family in the opioid litigation, declined to comment on the reported settlement offer. A Sackler spokeswoman also declined to comment.
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