$270 Million Dollar Settlement Announced in Purdue Pharma Lawsuit

opioid

The Sackler family who are the founders of Purdue Pharma that developed the opioid OxyCotin have agreed to pay $270 million dollars as part of a settlement in an Oklahoma lawsuit against the company.

Who brought the lawsuit against Purdue Pharma?

The Oklahoma attorney general brought the lawsuit against the company claiming that aggressive marketing tactics led to a statewide epidemic that has cost the lives of many in the state.

What are the terms of the settlement?

Of the $270 million dollars $100 million will go towards establishing an addiction foundation and research center to help further understand the crisis on a national level with $15 million dollar payments annually for a five-year period. $20 million will go towards providing rescue medication and treatment at the center also over a five-year period. The remaining sum of money will be given to cities and communities statewide to help them battle the crisis according to an article by CNN.

Are there any other lawsuits being brought against Purdue Pharma?

Yes. Thirty-six other states have filed lawsuits against the company (including the Massachusetts attorney general – get more info about that lawsuit here) and are awaiting to go to trial. There is a possibility that a precedent can be set with the Oklahoma lawsuit and how it can affect the other lawsuits moving forward.

Affected by the opioid crisis?

If you or a loved one has been affected by the use of OxyCotin or other opioids contact our office at (303)-999-9999 or (303)-835-9342 to schedule a free consultation and speak with one of our experienced attorneys. Please also visit our practice area page on pharmaceuticals here for more information.