In a landmark decision, attorneys general from all 50 states, Washington, DC, and four territories reached a $7.4 billion settlement with Purdue Pharma, the maker of OxyContin, accused of instigating the opioid crisis in the U.S. Led by New Jersey AG Matthew Platkin, this settlement aims to provide financial reparations for victims while facilitating funding for addiction treatment and prevention initiatives. The Sackler family's control over Purdue will be relinquished, ensuring the company cannot sell these drugs again. Settlements will be distributed within three years following the company's Chapter 11 bankruptcy plan.
The suit, brought by 55 attorneys general, will help compensate victims and fund addiction treatment programmes. The attorneys general of all 50 US states, Washington, DC, and four US territories have agreed to a $7.4bn settlement with drugmaker Purdue Pharma.
While we know that no amount of money can erase the pain for those who lost loved ones to this crisis, this settlement will help prevent future tragedies through education, prevention, and other resources.
The settlement will also help fund addiction treatment, prevention and recovery programs over the next 15 years, according to the attorney general.
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