Monday, May 04, 2026

Opioid Settlements

Purdue Pharma officially ended operations Friday, a year after the Sackler family reached a $7.4 billion settlement with a coalition of state attorneys general for the company's inescapable role in fueling America's devastating opioid crisis.

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Purdue and the Sackler family knew at all times how dangerous their product was, but kept fraudulently and deceptively marketing it to sell more and more opioids, addict more and more people, and make more and more money. They knew what they were doing, and they did it anyway.

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-- Attorney General Keith Ellison (@ag.state.mn.us) May 4, 2026 at 1:10 PM

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"Under this settlement, the Sackler family will pay up to $6.5 billion over 15 years, and Purdue Pharma will contribute an additional $900 million upon court approval of its bankruptcy. Up to $250 million of the settlement will be directed towards opioid treatment, prevention, and recovery programs in New York.

As part of the settlement, the Sackler family is permanently banned from ever manufacturing, selling, or marketing opioids in the US and will no longer control Purdue."

NYS AG Letitia James: "This company that put profits over people for decades is now shut down forever."

#1 | Posted by C0RI0LANUS at 2026-05-04 01:50 AM

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