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Judge Set To Rule On Purdue Pharma’s Opioid Settlement Plan

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FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. A federal bankruptcy judge is expected to rule Wednesday, Sept. 1, 2021, on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments over an opioid crisis that has killed a half-million Americans over the last two decades. (AP Photo/Toby Talbot, File)

(AP)-A U.S. bankruptcy judge is expected to rule Wednesday on a plan for OxyContin maker Purdue Pharma to settle thousands of lawsuits brought by state and local governments and others over its role in the nation’s opioids crisis. The deal could be worth $10 billion, with cash coming from members of the Sackler family who own the company. Under the deal, the Sacklers would give up ownership of the company and get protection from lawsuits over opioids. Purdue would be remade into a new company with profits being used to pay some victims and fund drug treatment, education and other measures to fight the opioid epidemic.

 

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