oxycontin News

Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters

Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four people familiar with …

Files Raise Questions About Purdue Pharma Family’s Transfer of $10B Over Decade

Members of the wealthy Sackler family, owners of OxyContin maker Purdue Pharma LP, have long denied that the $10 billion they transferred from their company over the course of a decade was an unlawful attempt to shield assets in anticipation …

States Oppose U.S. Settlement with Purdue Over OxyContin

A group of 25 state attorneys general oppose a settlement of U.S. opioid probes being negotiated with Purdue Pharma LP and members of the wealthy Sackler family who own it, arguing the deal would improperly entangle state and local officials …

States Say OxyContin Maker Purdue Pharma Owes $2.2 Trillion for Opioid Epidemic

U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of pushing prescription painkillers on doctors and patients while playing down …

U.S. Eyes $13 Billion of Claims in Purdue Pharma Opioid Probes: Reuters

U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company’s alleged role in fueling the nation’s opioid crisis, people familiar …

Opioid Victims Can Now File Injury Claims in Purdue Pharma Bankruptcy Case

State and local governments have been leading the legal fight against the opioid industry, seeking payouts to help them deal with the fallout from the nation’s addiction crisis. Average Americans are about to get their shot. Last Friday, the federal …

U.S. Supreme Court Declines to Hear Arizona Opioid Claim Against Purdue’s Owners

The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family – owners of Purdue Pharma LP – funneled out of …

OxyContin Marketed in China as Being Less Addictive — A Familiar Misleading Claim

Thousands of lawsuits across the United States have accused a drug company owned by the billionaire Sackler family of using false claims to push highly addictive opioids on an unsuspecting nation, fueling the deadliest drug epidemic in U.S. history. Yet, …

Massachusetts Lawsuit Against Purdue Pharma Over Opioid Crisis Will Move Forward

A judge has rejected a request by the billionaire owners of Purdue Pharma LP to dismiss a lawsuit filed by Massachusetts over their role in the state’s opioid crisis. The decision by Superior Court Judge Janet Sanders in Boston on …

New York AG Tells Court Opioid Crisis Damage ‘Dwarfs’ Drugmakers’ Resources

The public cost of coping with the opioid crisis in the U.S. “dwarfs” the combined resources of the companies sued for allegedly causing the epidemic, including OxyContin maker Purdue Pharma LP, a lawyer for New York State told a judge. …