TRUMP 1-ON-1

Former President Trump speaks exclusively with News 12 on possible VP picks, immigration and other topics TONIGHT at 10 p.m.

OxyContin maker reaches tentative opioid-crisis settlement

Sources with direct knowledge of the talks say that Stamford-based Purdue will pay up to $12 billion over time.

News 12 Staff

Sep 11, 2019, 7:57 PM

Updated 1,716 days ago

Share:

OxyContin maker reaches tentative opioid-crisis settlement
(AP) - OxyContin maker Purdue Pharma reached a tentative deal Wednesday with about half the states and thousands of local governments over its role in the nation's deadly opioid epidemic, but criticism by several state attorneys general clouded prospects for an end to litigation against the company and the family that owns it.
Arizona Attorney General Mark Brnovich said the agreement included more money from the Sackler family, which had become a sticking point during the recent talks.
"Talks are progressing rapidly, but this is the quickest and surest way to get immediate relief for Arizona and for the communities that have been harmed by the opioid crisis and the actions of the Sackler family," Brnovich told The Associated Press.
Sources with direct knowledge of the talks say that Stamford, Connecticut-based Purdue will pay up to $12 billion over time and that the Sackler family will give up control of the company. The sources spoke on condition of anonymity because they were not authorized to speak publicly.
Even with Wednesday's development, roughly half the states had not signed on and several state attorney generals vowed to continue their legal battles against the company and the Sacklers. Roughly 20 states have sued the Sacklers in state court.
New York, Massachusetts and Connecticut were among the states saying they were not part of the agreement.
"Our position remains firm and unchanged and nothing for us has changed today," Connecticut Attorney General William Tong said in a statement. "The scope and scale of the pain, death and destruction that Purdue and the Sacklers have caused far exceeds anything that has been offered thus far. Connecticut's focus is on the victims and their families, and holding Purdue and the Sacklers accountable for the crisis they have caused."
He said the state would continue to pursue Purdue if it files for bankruptcy under the settlement agreement, as expected.
News of the tentative agreement comes as the first trial federal date draws near in the hundreds of lawsuits aiming to hold Purdue and others in the drug industry accountable for a nationwide opioid crisis.
The lawsuits assert that Purdue aggressively sold OxyContin as a drug with a low risk of addiction despite knowing that wasn't true.
In court filings, Purdue has pointed out that its products were approved by federal regulators and prescribed by doctors.
In March, Purdue and members of the Sackler family reached a $270 million settlement with Oklahoma to avoid a trial on the toll of opioids there.
A court filing made public in Massachusetts this year asserts that members of the Sackler family were paid more than $4 billion by Purdue from 2007 to 2018. Much of the family's fortune is believed to be held outside the U.S., which could complicate lawsuits against the family over opioids.
The Sacklers have given money to cultural institutions around the world, including the Smithsonian Institution, New York City's Metropolitan Museum of Art and London's Tate Modern.


More from News 12
1:08
Water main break in Hackensack sends water shooting up into the air

Water main break in Hackensack sends water shooting up into the air

2:29
Weather improves overnight; sunny and warm Friday ahead to start the holiday weekend

Weather improves overnight; sunny and warm Friday ahead to start the holiday weekend

2:59
Fallen trees cause widespread damage as powerful storm tears through West Milford

Fallen trees cause widespread damage as powerful storm tears through West Milford

0:55
Parents of Seton Hall student who died while isolated with COVID-19 file lawsuit

Parents of Seton Hall student who died while isolated with COVID-19 file lawsuit

0:23
Two charged in fatal Jersey City shooting

Two charged in fatal Jersey City shooting

1:23
Floodwater running ‘over the train track bridge like a waterfall’ traps driver in Avenel

Floodwater running ‘over the train track bridge like a waterfall’ traps driver in Avenel

1:32
Gov. Murphy calls out Amtrak for system failures, says it ‘disrupts quality of life’ for NJ residents

Gov. Murphy calls out Amtrak for system failures, says it ‘disrupts quality of life’ for NJ residents

1:17
Rutgers University president defends making deals with pro-Palestinian protesters

Rutgers University president defends making deals with pro-Palestinian protesters

0:21
Police seek public’s help identifying man who robbed Lopatcong credit union

Police seek public’s help identifying man who robbed Lopatcong credit union

0:19
Police: 1 person injured, 1 arrested following incident in Wall Township

Police: 1 person injured, 1 arrested following incident in Wall Township

0:57
Officer who arrested Scottie Scheffler disciplined for not having bodycam activated

Officer who arrested Scottie Scheffler disciplined for not having bodycam activated

1:50
Jersey Shore towns kick off summer pedestrian safety campaign ahead of Memorial Day

Jersey Shore towns kick off summer pedestrian safety campaign ahead of Memorial Day

News 12 Book Club

News 12 Book Club

1:41
Best Beaches: We are kicking off the unofficial start to summer at Jenkinson's in Point Pleasant Beach

Best Beaches: We are kicking off the unofficial start to summer at Jenkinson's in Point Pleasant Beach

0:20
Car carrier truck breaks out in fire on New Jersey Turnpike in Kearny

Car carrier truck breaks out in fire on New Jersey Turnpike in Kearny

1:49
Millions of New Jersey residents expected to hit the roads ahead of Memorial Day weekend

Millions of New Jersey residents expected to hit the roads ahead of Memorial Day weekend

0:24
Prosecutors: Homeless man accused of sexually assaulting child at Morristown park

Prosecutors: Homeless man accused of sexually assaulting child at Morristown park

2:44
News 12 gets a sneak preview of Savannah Sunset Resort & Spa at Six Flags Great Adventure

News 12 gets a sneak preview of Savannah Sunset Resort & Spa at Six Flags Great Adventure

0:20
Rangers held scoreless for the first time this postseason in a 3-0 loss to the Panthers in Game 1

Rangers held scoreless for the first time this postseason in a 3-0 loss to the Panthers in Game 1

2:38
Shamong woman says she won $2M jackpot from Atlantic City slot machine but casino won’t pay

Shamong woman says she won $2M jackpot from Atlantic City slot machine but casino won’t pay