Talks with Purdue Pharma and Sackler family over opioid payout break down
- State attorneys general expect company to file for bankruptcy
- ‘It seems there will be little money for plaintiffs,’ expert warns
State and local governments across the US have sought billions of dollars from the prescription painkiller company Purdue Pharma as a way to hold the company and the members of the Sackler family that own it accountable for their role in the nation’s opioids crisis – but a potential payout is now clouded in uncertainty after state attorneys general said settlement talks had broken down.
The attorneys general directly involved in the negotiations with the maker of OxyContin and the Sackler family said at the weekend they expected Purdue to file soon for bankruptcy protection.