Purdue Pharma, the pharmaceutical giant that makes OxyContin, and its owners, the wealthy Sackler family, are in talks to settle over 2,000 lawsuits aimed at the company for the opioid crisis. Preliminary discussions are in the range of $10 billion to $12 billion.
Which Lawsuits Are Involved?
The 2,000 lawsuits stem from cities, counties, and states that have suffered from the opioid crisis for years. The current suit in which settlement talks are being made is in Ohio. The pharmaceutical company wants to consolidate the lawsuits and have the affected parties decide who gets what in terms of settlement talks.
The lawsuit payouts are part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland last Tuesday, Aug. 20, according to NBC news.
What Are the Lawsuits About?
The lawsuits point blame to Perdue Pharma and …