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Breaking News: The Sackler family would give up Purdue Pharma and personally pay $3 billion as part of a proposal to settle thousands of opioid-related lawsuits.

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August 27, 2019

 
BREAKING NEWS
The Sackler family would give up Purdue Pharma and personally pay $3 billion as part of a proposal to settle thousands of opioid-related lawsuits.

Tuesday, August 27, 2019 11:47 PM EST

The Sackler family would give up ownership of Purdue Pharma, the company blamed for much of the opioid epidemic, and pay $3 billion of their own money under terms of a settlement proposal to resolve thousands of federal and state lawsuits, according to a person familiar with the negotiations.

The discussions have been going on for months as Purdue and the Sacklers have sought to prevent any new lawsuits against individual members of the family as well as their company.

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