In the biggest opioid case to date, Purdue Pharma, manufacturer of OxyContin, reached a tentative settlement last week with 23 states and attorneys representing roughly 2,000 local governments. The deal would have Purdue Pharma file for bankruptcy, which the company did on Sunday, and pay as much as $12 billion over time, with up to $4.5 billion coming from the Sackler family, which owns the company. That number involves future profits and the value of drugs currently in development. To continue reading, click here.

Categories: Litigation