The Washington Post reports:
More than two decades after Purdue Pharma launched its blockbuster pain pill OxyContin, preceding a deadly overdose crisis, a judge approved a bankruptcy plan Wednesday that will resolve thousands of lawsuits against the drugmaker and grant sweeping legal immunity to its billionaire owners.
Negotiated until the 11th hour, the final terms of the settlement confirmed by federal bankruptcy Judge Robert D. Drain grant the family that owned Purdue Pharma, the Sacklers, broad protection from future litigation, despite objections from nine states and a branch of the U.S. Justice Department.
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Bankruptcy judge approves Purdue Pharma plan to resolve opioid claims, giving Sackler family civil immunity https://t.co/LtcnPcDxTR
— The Washington Post (@washingtonpost) September 1, 2021