OxyContin maker Purdue Pharma LP is expected in court on Tuesday to lay out its ...
- OxyContin maker Purdue Pharma LP is expected in court on Tuesday to lay out its plan for using bankruptcy to resolve more than 2,600 lawsuits alleging the company fueled the U.S. opioid crisis.
The settlement, which is estimated to be worth up to $12 billion, would require the Sackler family to cede ownership of Purdue to a trust, to sell their non-U.S. pharmaceutical businesses and to contribute at least $3 billion. Purdue said it was on track to spend $263 million this year defending itself, according to court filings.
Purdue also said it would make an unprecedented request of the court - to impose an injunction against itself.
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