Purdue Pharma reaches tentative opioid settlement with some: sources

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OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said.

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NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said.

FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo

The Sacklers have rebuffed requests from some plaintiffs for more details on the family’s finances, some of the people said.

North Carolina Attorney General Josh Stein said he was preparing to follow other state officials and sue the Sacklers.

“A large number of states are committed to the notion that the Sacklers need to guarantee more money,” he said.

Reporting by Mike Spector and Jessica DiNapoli; Editing by Bill Berkrot


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OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said.

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