Purdue Pharma Agrees to $8.34 Billion Settlement Over Opioids

What Happened:

• On Wednesday, Purdue Pharma, maker of OxyContin, reached an $8.34 Billion settlement with the Justice Department regarding its role in causing the opioid crisis.

• The settlement follows after several years of investigation into Purdue's marketing and distribution practices for its opioid painkillers.

• Although the settlement is for $8+ Billion, the bankrupt drug-maker's total assets don't reach that benchmark, therefore, Purdue will actually pay $225 million.

• In the settlement, Purdue pled guilty to three counts related to payments to health-care providers and other actions.

• Purdue’s owners, the Sackler family, will also have to pay $225 million for civil claims.

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