Purdue Pharma LP reached a tentative agreement Wednesday with some plaintiffs to resolve widespread litigation. According to Reuters, the OxyContin maker has been sued over its alleged role in fueling the U.S. opioid crisis. Sources say Purdue plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week. Purdue and its controlling Sackler family are on board to settle lawsuits in a deal valued at up to $12 billion. More than 2,000 cities, counties and other plaintiffs are suing Purdue, along with 26 states and U.S. territories.

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  • Uploaded    09/11/2019
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