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OxyContin maker Purdue to use trusts and Sackler cash to settle opioid lawsuits


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  ....

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GoLocalProv | RI to Receive $2.5 Million Settlement After McKinsey Found to Have "Turbocharged" Opioid Epidemic


RI s portion of the settlement was announced Thursday.
Rhode Island will receive $2.59 million in a multi-state settlement with McKinsey & Company, resolving investigations into the company’s role in working for opioid companies, helping those companies promote their drugs, and profiting from the opioid epidemic.
The settlement comes after lawsuits unearthed a trove of documents showing how McKinsey worked to drive sales of Purdue Pharma’s OxyContin painkiller amid an opioid crisis in the United States that has contributed to the deaths of more than 450,000 people over the past two decades, reported the New York Times. 
With regard to the opioid crisis, Raimondo had repeatedly refused to reject donations from Jonathan Sackler and his wife whose family are the multi-billionaire owners of Purdue Pharma, and Sackler was named personally in a number of lawsuits.  ....

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