Purdue Pharma offers billions to settle opioid lawsuits

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(CNN) – Purdue Pharma is offering a massive package to end the lawsuits against the company over its alleged role in the opioid epidemic.

The company, which makes Oxycontin, is in talks to offer $10-$12 billion to settle more than 2,000 opioid-related lawsuits.

The New York Times reports that as a part of the proposed settlement, the Sackler family which owns Purdue Pharma, would give up their stake in the company and pay $3 billion of their own money.

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(This story was originally published on August 28, 2019)

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