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Sackler family could pay billions in personal wealth to settle opioid lawsuits

Sackler family could pay billions in personal wealth to settle opioid lawsuits

Stamford, Connecticut — CBS News has learned the billionaire Sackler family, who own Purdue Pharma, are willing to give up ownership of the company and pay an additional $3 to $4.5 billion from their personal wealth to settle more than 2,000 lawsuits accusing the drug maker of fueling the opioid crisis.

The settlement offer comes amid speculation that Purdue Pharma is about to go bankrupt.

According to the U.S. Centers for Disease Control and Prevention, overdose deaths linked to prescription opioids have killed more than 218,000 Americans since the late 1990s.

He said his addiction started with a single bottle of Purdue Pharma's Oxycontin to treat a football injury.

But CBS News has learned Purdue has given plaintiffs a deadline of Wednesday to accept the deal, or it will file for bankruptcy.

Source: www.cbsnews.com
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