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Purdue bankruptcy plan is approved but appeals expected – STAT


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After two years of contentious bargaining, a U.S. bankruptcy court judge approved a controversial plan that will dissolve Purdue Pharma, which has been blamed for triggering a widespread opioid crisis, and shield members of the Sackler family who control the company from future lawsuits, STAT reports. The settlement calls for some Sackler family members to contribute more than $4.3 billion over a decade to compensate people, local governments, and tribal communities that were harmed by the OxyContin painkiller. Appeals are expected.

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