130 people were dying daily from opioid overdoses and Purdue Pharma in November 2020 pled guilty to three federal felony charges and agreed to pay an $8 million fine.
Purdue also filed for bankruptcy in 2019 and the proposed settlement would see the Sackler family paying $4.5 billion in exchange for immunity from any pending or future lawsuits against them for their role in the opioid epidemic.
The Sacklers would also relinquish all ownership or control over Purdue — but the bulk of the company’s founding family’s wealth remains untouched.
The Purdue bankruptcy hearings are expected to begin Aug. 12, which is part of the reason Oliver chose to revisit the topic now.
Read more on thewrap.com
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