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The Latest Breaking News from Purdue Pharma LP

Purdue Pharma squares off with DOJ Over $6 billion OxyContin deal

A $6 billion deal hangs in the balance as OxyContin maker Purdue Pharma LP and its wealthy owners square off against the U.S. Justice Department over the firm’s opioid lawsuit settlement.

Tribune News Service · Apr 29, 2022

San Francisco To Start Opioid Epidemic Trial Against Teva, Walgreen: Reuters

San Francisco will start a trial against Walgreens Boots Alliance Inc (NASDAQ:WBA) and three other companies accused of fueling an opioid crisis in the city. San Francisco has alleged that Walgreens, Teva Pharmaceutical Industries Ltd (NYSE:TEVA), AbbVie Inc's (NYSE:ABBV) Allergan unit, and Teva-owned Anda Inc created a "public nuisance" by flooding the city with prescription opioids and failing…

Benzinga · Apr 25, 2022

Purdue Pharma judge approves a $6 billion opioid settlement

U.S. Bankruptcy Judge Robert Drain approved a settlement among members of the Sackler family that own Purdue Pharma LP and a handful of states that had been fighting its multibillion-dollar opioid deal.

Tribune News Service · Mar 10, 2022

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Purdue’s Sacklers reach $6 billion opioid deal with states

Members of the billionaire Sackler family that own Purdue Pharma LP have agreed to a bigger opioid settlement with the handful of states that worked to overturn its prior deal.

Tribune News Service · Mar 3, 2022

Purdue’s Sacklers consider adding another $1 billion to opioid settlement

Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to people familiar with the talks.

Tribune News Service · Feb 11, 2022

Sacklers, states near bigger Purdue Pharma opioid settlement

Members of the billionaire Sackler family that own Purdue Pharma LP are close to a deal to increase their contribution to the OxyContin maker’s sweeping opioid settlement, court papers show.

Tribune News Service · Feb 1, 2022

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