Fifteen states have agreed to drop their long-standing objections to a contentious bankruptcy plan to reorganize Purdue Pharma, a significant step that will likely ensure the proposal will be approved in court next month.
As part of the deal with the states, the drug maker agreed to a “material expansion” of a public repository that will house more than 30 million documents related to its role in fomenting the opioid crisis, court documents show. And members of the Sackler family that control the company will boost their nearly $4.3 billion settlement payout by another $50 million, which will be used to reimburse states, cities, and tribes for various costs.
Create a display name to comment
This name will appear with your comment