(WBRE/WYOU) — A $7.4 billion opioid settlement with Purdue Pharma and the Sackler Family regarding the manufacture and distribution of opioids that fueled the addiction epidemic, according to Pennsylvania Attorney General Dave Sunday.
Sunday, along with 54 other Attorneys General, announced the settlement Monday, which resolves the pending litigation against Purdue Pharma and the Sacklers, with those entities acknowledging their role in the contribution to the opioid epidemic with rampant production and aggressive marketing of opioids for decades, according to a media release from Sunday's press office.
The settlement also ends the Sacklers' ownership of Purdue Pharma and their ability to sell opioids in the United States.
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Pennsylvania is expected to receive as much as $200 million from the settlement over 15 years. This also depends on how many municipalities sign off on the settlement terms.
”As Pennsylvania families and communities suffered during an unprecedented addiction crisis, Purdue and the Sacklers reaped the mammoth profits from their products,” Attorney General Sunday said. “This monumental settlement achieves the top priority of getting as much money as quickly as possible to prevention, treatment, and recovery programs across the Commonwealth. My office will continue engagement with municipal leaders to ensure millions of dollars reach every corner of the state.”
This settlement is the nation's largest settlement to date with individuals responsible for the opioid crisis.
