The Sacklers agreed to pay up to $6.5 billion, Purdue to pay $900 million, for a total of $7.4 billion.
FILE - OxyContin pills arranged for a photo at a pharmacy, Feb. 19, 2013 in Montpelier, Vt. Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, New York Attorney General Letitia James announced Thursday.
"We are extremely pleased that a new agreement has been reached that will deliver billions of dollars to compensate victims, abate the opioid crisis, and deliver treatment and overdose rescue medicines that will save lives," Stamford, Connecticut-based Purdue said in a statement. The family's contribution will be higher than the $6 billion agreed to under the previous version. The Supreme Court blocked the agreement last year because it protected members of the wealthy family from civil lawsuits over OxyContin — even though the family members themselves were not in bankruptcy. The new agreement protects family members from lawsuits only from entities that agree to the settlement.
A few governments, including the states of Maryland and Washington, have routinely opposed the extensions.
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