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Purdue Pharma and lawyers for cities, counties, and states across the country are negotiating a multibillion-dollar settlement that would resolve about 2,000 lawsuits against the company, which would declare bankruptcy as part of the deal, the Washington Post writes. The Sackler family, which owns Purdue, would lose control of the business and contribute at least $3 billion in personal funds to the settlement, which could total as much as $12 billion. A “public beneficiary trust” would be created to direct profit from drug sales to the plaintiffs.
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