Purdue Bankruptcy Plan Settles Opioid Lawsuits Against Founding Family. Here’s What to Know.

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Purdue Bankruptcy Plan Settles Opioid Lawsuits Against Founding Family. Here’s What to Know.
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Purdue won approval of a chapter 11 reorganization plan that will end civil lawsuits against the Sacklers and turn the OxyContin maker into a public benefit company addressing the opioid crisis. Here are details about the settlement plan and how it works.

of a multibillion restructuring plan that will turn the drugmaker into a new public benefit company that will use its resources to address the opioid epidemic and compensate people and families harmed by its products.

The restructuring includes roughly $4.5 billion in settlement payments from members of the Sackler family who own the company. Here are details about the settlement plan and how it works.

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