Colorado Rejecting Possible Federal Agreement with Purdue Pharma

Purdue Pharma

The state of Colorado is rejecting a tentative federal agreement with Purdue Pharma, the company behind popular prescription drug OxyContin which helped spark a national opioid crisis. The agreement apparently involves the condition of the Sackler family who owns Purdue Pharma giving up control of the company, as well as paying out $12 billion dollars to victims over a period of time. 

Purdue Pharma Agreement Isn’t Adequate for CO

According to an article from the Colorado Sun, State Attorney General Phil Weiser commented on the agreement stating “No current offer adequately addresses the harm that Purdue and the Sacklers have caused to communities and individuals in Colorado by contributing to the opioid crisis.”

Mr. Weiser is currently pursuing a case against Purdue Pharma in state court. Many Colorado counties and cities are included in the possible settlement, including Denver. However, it remains to be seen how the settlement funds will be spread out. 

Pushing Ahead on their Own

Colorado isn’t the only state to reject the agreement. Multiple other states such as New York, Minnesota, and Connecticut have also come out against the agreement. 

Despite the possible settlement, Purdue Pharma and the Sackler family are still facing legal headaches. Multiple states in addition to Colorado have also decided to go after the company in state courts, so additional payouts could potentially occur. 

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