Purdue Pharma Negotiating $12B Settlement To OxyContin Lawsuits

The company's owners are the Sacklers, the 19th-richest family in the U.S. A drug manufacturer at the heart of the nation's opioid crisis is reportedly in negotiations to settle approximately 2,000 lawsuits over the marketing of the painkiller OxyContin. The proposed settlement of lawsuits brought by state and local governments could be worth up to $12 billion and would take ownership of Purdue Pharma away from the Sackler family, the company's current owners. Under the proposal, Purdue Pharma...