The settlement is poised to deliver significant financial support for addiction treatment and prevention, marking a crucial development in addressing the ongoing opioid crisis sweeping across the United States.
Purdue Pharma and Sackler Family Reach $7.4 Billion Settlement in Opioid Crisis
Purdue Pharma and Sackler Family Reach $7.4 Billion Settlement in Opioid Crisis
Purdue Pharma and the Sackler family have agreed to a landmark $7.4 billion settlement to address claims related to the opioid epidemic fueled by OxyContin.
Purdue Pharma and the family controlled by the Sacklers have entered into a prominent settlement agreement totaling up to $7.4 billion in response to countless claims regarding the highly addictive painkiller OxyContin. This new agreement signifies an increase of over $1 billion compared to a prior settlement that was rejected in 2024 by the U.S. Supreme Court. According to news reports from agencies including AP and Reuters, the Sacklers have committed to contributing up to $6.5 billion while Purdue Pharma will pay an additional $900 million.
OxyContin, which has often been a gateway to the use of more harmful substances, including heroin, is largely attributed to exacerbating the opioid crisis, resulting in numerous fatalities and widespread addiction in the U.S. The New York Attorney General’s office remarked that the settlement funds would significantly aid in establishing addiction treatment and prevention initiatives across the nation. Purdue issued a statement expressing satisfaction with the new agreement, stating that it will provide billions for victim compensation, opioid crisis abatement, and essential treatment that could save lives.
Despite needing court approval and some remaining details yet to be finalized, this deal stands as one of the largest reached amid a series of lawsuits aimed at holding pharmaceutical companies accountable for their role in the epidemic. Reports indicate that the federal government, under the administration of former President Donald Trump, is unlikely to contest the settlement.
Connecticut Attorney General William Tong voiced that this agreement could provide a sense of closure for those impacted by the opioid tragedy, emphasizing that it transcends mere financial restitution, stating, "There is not enough money in the world to make it right."
The previous proposed plan, which was rejected last year, included the controversial provision granting the Sacklers immunity from lawsuits in return for a $6 billion payment. Currently, a court order preventing lawsuits against the Sackler family is set to lapse on Friday, but a bankruptcy judge has been requested to extend the order into February until all details are finalized.
One individual sharing her experience, Kara Trainor, who has maintained recovery for 17 years following addiction to OxyContin post-injury, reflected on the settlement, asserting, "Everything in my life is shaped by a company that put profits over human lives." Purdue Pharma gained notoriety for developing and marketing OxyContin as safe, despite knowing it posed high addiction risks and potential for abuse.
Since the drug became available in the late 1990s, overdose deaths associated with opioids have reached staggering numbers, with tens of thousands of fatalities annually. Documents submitted to the court allege that the Sackler family had been aware of significant legal risks for a long time, withdrawing approximately $11 billion from the company in the years leading up to its bankruptcy, and much of this money was moved offshore, complicating recovery efforts.
