OxyContin maker agrees to tentative settlement, attorneys say | Honolulu Star-Advertiser
Top News

OxyContin maker agrees to tentative settlement, attorneys say

HARTFORD, Conn. >> Attorneys for some 2,000 local governments say they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation’s opioid crisis.

Attorney Paul Farrell said in a text message today that they have agreed to a deal that has been on the table for several weeks.

Sources with direct knowledge of the talks say that Stamford, Connecticut-based Purdue will pay up to $12 billion over time and that the Sackler family, which owns the company, will give up control. The sources spoke on condition of anonymity because they were not authorized to speak publicly.

The offer is the same as one publicly reported several weeks ago. It was not clear whether the announcement signaled the end of the fraught negotiations to reach a nationwide settlement with Purdue or moved the talks into a new phase.

One of the sources speaking on condition of anonymity said more than 20 states also had agreed to the tentative settlement.

But many state attorneys general say they remained opposed, and more than 20 have sued the Sacklers separately in state court.

Comments (8)

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.

Having trouble with comments? Learn more here.

Scroll Up