The pharmaceutical company's owners have agreed to pay US7.4 billion ($11.7 billion) and relinquish ownership of the company.

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a ...

The individuals behind Purdue Pharma’s involvement in the U.S. opioid crisis reached a $7-billion settlement in January 2025.

Several states have reached a $7 billion settlement with Purdue Pharma based on the Sackler family's role in creating the opioid crisis, New York Attorney General Letitia James announced today. The ...

JUSTIN, Texas (KNWA/KFTA) — Electric vehicle company Canoo announced on Jan. 17 that it filed for Chapter 7 bankruptcy.

The deal, announced Thursday, removes non-consensual releases to the Sackler family, Purdue's founders, which the U.S. Supreme Court had invalidated last year.

The proposed settlement calls on the Sacklers to pay $1.5 billion in the first three years, followed by $500 million after one additional year, $500 million after two years and $400 million after ...

Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction ...

California Attorney General Rob Bonta today announced that the bipartisan States Negotiating Committee and other parties have reached a $7.4 billion settlement in ...

Texas and 14 other states have secured a $7.4 billion settlement from the Sackler family and their company Purdue Pharma for their roles in creating the opioid crisis. Purdue Pharma was the ...

The latest settlement is meant to address a drug addiction crisis that has led to over 700,000 opioid overdose deaths in the US over the past two decades.