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Some state attorneys general and opioid addiction activists pushed back Tuesday against a settlement offer from OxyContin maker Purdue Pharma, saying it didn't include enough money and goes too far in protecting the company and family members who own it from future liability.
Stamford-based Purdue Pharma’s $10 billion plan to emerge from bankruptcy as a new company does not go far enough in repairing the damage of the opioid crisis, 23 state attorneys general, including Connecticut Attorney General William Tong said Tuesday.
Billionaire Sackler family to relinquish control of OxyContin maker Purdue Pharma in bankruptcy plan and agrees to pay nearly $4.3 BILLION to resolve thousands of opioid lawsuits
Members of the Sackler family, who own Purdue Pharma, have agreed to pay $4.3 billion to resolve lawsuits accusing them of fueling the opioid crisis
The huge payment from the Sacklers is part of a larger restructuring plan filed by Purdue on Monday to get the pharmaceutical giant out of bankruptcy
Purdue s plan calls for it to be transformed into an entity that would see the Sacklers relinquish control and steer revenue directly to plaintiffs