Settlement talks between Purdue Pharma and the states and cities suing the opioid maker stall after state officials ask for $4.5B instead of a discussed guarantee of $3B
CLEVELAND — Settlement talks between Purdue Pharma and the states and cities suing the opioid maker stalled last week after state officials asked for $4.5 billion from the owners of Purdue, the Sackler family, instead of a previously discussed guarantee of $3 billion, said two sources familiar with the talks.
The email from the attorneys general of Tennessee and North Carolina, obtained by The Associated Press, said that Purdue and the Sackler family had rejected two offers from the states over how payments under any settlement would be handled and that the family declined to offer counterproposals. It's not entirely clear what a breakdown in settlement talks with Purdue means for the Sackler family, which is being sued separately by at least 17 states.
In March, Purdue and members of the Sackler family reached a $270 million settlement with Oklahoma to avoid a trial on the toll of opioids there. The Sacklers did not respond to a request for comment.
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