Officials announced on Monday that all the fifty states, as well as Washington, DC, and four American lands, have agreed to sign a $ 7.4 billion settlement with the company and the family once behind Oxcontein.
The settlement is awaiting litigation against Purdue Pharma, which, under the leadership of the families of Sackler, has invented, manufactured and marketing opioid products for decades, according to lawsuits. Countries and cities throughout the country have said that they have fed waves of addiction and excessive deaths.
Public lawyers in 55 states and regions signed the historical settlement, which they said would end the ownership of the bags for its purchases and prohibiting, selling, selling or marketing them in the United States.
Officials said that California, Colorado, Concitect, Dillauer, Florida, Illinois, Massachusetts, Oregon, Pennsylvania, Tennessee, Texas, Vermont, Virginia and West Virginia led the team that negotiated the settlement, which represents the largest of its kind that involves the opium crisis.
“When Pennsylvania’s families and societies suffered during an unprecedented addiction crisis, Bordeaux and the mammotted profit bags of their products,” Pennsylvania Prosecutor Dave said on Sunday in a statement. “This huge priority settlement achieves the largest possible amount of money for prevention, treatment and recovery throughout the Commonwealth. My office will continue to participate with the municipal leaders to ensure millions of dollars reach every corner of the state.”
On February 19, 2013, files are displayed, oxonine pills in a pharmacy in Montpellier, VT.
Toby Talbot/AP, file
Bordeaux Oxycontin, the name of the brand for oxycodone, presented, in the 1990s, and was presented to the bankruptcy of Chapter 11 in 2019 after prosecuting the company thousands of times.
The United States Supreme Court canceled a previous settlement in June 2024, which would have been granted 6 billion dollars to government governments and local governments.
Bags and Purdue reinforced their settlement contribution later to $ 7.4 billion.
Bordeaux said in a statement on Monday, “Today’s announcement of unanimous support between states and regions is a decisive milestone sign of confirming the reorganization plan that will provide billions of dollars to compensate the victims, reduce the crisis of opioid materials, and to provide the disorder of the use of opioid materials and the excessive dose -saving drugs that will provide American life,” Bordeaux said in a statement on Monday. “We appreciate the unusual hard work from the state’s public prosecutor and our other creditors to reach us to this stage, and we look forward to requesting the votes of creditors on the plan after approving the statement of the disclosure.”
It will support $ 7.4 billion in opioid addiction treatment programs, prevention and recovery over the next fifteen years.
A large amount of money will be distributed in the first three years, as the bags pay 1.5 billion dollars and Bordeaux pays about 900 million dollars in the first amount, followed by 500 million dollars after one year, an additional $ 500 million after two years, and 400 million dollars after three years.
“There will be no justice, accountability, or money to restore families whose life has been destroyed or to correct the consequences of the Skler family’s misconduct,” William Tong, Prosecutor of Connecticut, said in a statement on Monday. “What we announce today is very important and insufficient, culminating for years of tumultuous negotiations and legal battles to the US Supreme Court.”
Now that the entry period in the state has ended, you will be required local governments across the country to join the settlement, and depend on the approval of the bankruptcy court. A listening session on this matter is scheduled for Wednesday.
The Board of Trustees who have been chosen by the participating countries in consultation with other creditors will determine the future of Bordeaux, which will continue to be supervised by a screen and will be prevented from pressure or marketing opiums.
Abc News’ Aaron Katersky contributed to this report.