Purdue Pharma gains justice department approval for opioid settlement

A US bankruptcy judge has approved a $8.34bn settlement between Purdue Pharma and the US Department of Justice. The charges relate to Purdue’s role in the opioid epidemic. The settlement requires Purdue to plead guilty to three charges concerning OxyContin marketing and distribution and makes it possible for the Sackler family to resolve civil charges with a $225 million payment. The deal has been opposed by 24 US states that claim it will prevent Purdue from moving to sell its business.

Source: https://www.wsj.com/articles/purdue-gets-chapter-11-approval-of-justice-department-opioid-settlement-11605655666