U.S. Supreme Court,
Bankruptcy
Jun. 17, 2025
All 50 states sign on to revised $7.4B Purdue Pharma settlement
The revised agreement, announced Monday, was negotiated earlier this year by California Attorney General Rob Bonta and 14 other state attorneys general. It includes $6.5 billion from Purdue Pharma and $900 million from the Sackler family and must still be approved by a New York bankruptcy judge.
Less than a year after the U.S. Supreme Court rejected a $6 billion deal between California and other states and the Sackler family and Purdue Pharma to compensate victims for the damage caused by the addictive painkiller OxyContin, state attorneys general announced that every state has signed on to a new plan that could pay up to $7.4 billion.
California Attorney General Rob Bonta and colleagues from 14 other states reached the deal in January. On Monday, they said all 50 states...
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