State AG settles lawsuit against Purdue Pharma for $4.5 billion

The settlement resolves a three-year legal battle against the Sackler family and its company Purdue Pharma for its role in fueling the opioid crisis.

News 12 Staff

Jul 8, 2021, 7:20 PM

Updated 1,012 days ago

Share:

New York Attorney General Letitia James on Thursday announced a $4.5 billion settlement in the lawsuit against Purdue Pharma.
The settlement resolves a three-year legal battle against the Sackler family and its company Purdue Pharma for its role in fueling the opioid crisis.
In 2018, James along with attorneys general from other states filed a lawsuit that alleged Purdue Pharma, the manufacturer of Oxycontin, and company executives lied about the addictive nature of the drugs.
"They took advantage of countless individuals and as a result made billions of dollars," says James. "They then turned around and blamed the victims."
The $4.5 billion agreement shuts down Purdue Pharma by 2024 and ends the Sackler family's ability to manufacture opioids ever again. The deal will also deliver at least $200 million to New York to fund prevention, treatment and recovery programs.
"These funds will enable us to do some real prevention work to create better access to folks who are addicted to opioids and support those folks who have struggled through a pandemic of opioid addiction that's now gone on for more than 15 years," says Dr. Jeffrey Reynolds, of Family and Children's Association.
The agreement also requires Purdue Pharma to make tens of millions of internal documents public. It's a step the attorneys general demanded as a way to hold the company accountable.


More from News 12
0:54
West Islip student accused of bringing gun, bullets to high school pleads not guilty

West Islip student accused of bringing gun, bullets to high school pleads not guilty

1:15
Sunny with highs near 70 today; cooler, wet weather to end the week

Sunny with highs near 70 today; cooler, wet weather to end the week

0:30
Police: 23-year-old charged for scrawling antisemitic graffiti in East Meadow

Police: 23-year-old charged for scrawling antisemitic graffiti in East Meadow

0:40
More than 200 pizzerias on LI band together to raise money for fallen NYPD detective

More than 200 pizzerias on LI band together to raise money for fallen NYPD detective

0:52
Suspect in fatal shooting of Detective Jonathan Diller returns to court

Suspect in fatal shooting of Detective Jonathan Diller returns to court

1:52
‘Wastewater Olympics’ held in East Rockaway ahead of Earth Day

‘Wastewater Olympics’ held in East Rockaway ahead of Earth Day

1:50
Made on Long Island: Ronance Mouthwatering Morsels in Bellmore

Made on Long Island: Ronance Mouthwatering Morsels in Bellmore

2:23
State budget makes no change to foundation school aid; governor signals changes coming in 2026

State budget makes no change to foundation school aid; governor signals changes coming in 2026

1:43
Police: Several people hurt in Garden City bus crash

Police: Several people hurt in Garden City bus crash

1:32
Nassau Community College professors call on state to step in to help school survive

Nassau Community College professors call on state to step in to help school survive

1:56
State officials: More chemical drums could be buried beneath Bethpage baseball field

State officials: More chemical drums could be buried beneath Bethpage baseball field

1:33
Groundbreaking ceremony marks beginning of Jake's 58 Casino's $210M expansion project

Groundbreaking ceremony marks beginning of Jake's 58 Casino's $210M expansion project

1:32
Nassau residents deliver petition with more than 1,600 signatures against proposal to deputize residents

Nassau residents deliver petition with more than 1,600 signatures against proposal to deputize residents

Police: Driver arrested for fatal Brentwood hit-and-run

Police: Driver arrested for fatal Brentwood hit-and-run

0:26
Police: Central Islip business cited for violation after State Liquor Authority investigation

Police: Central Islip business cited for violation after State Liquor Authority investigation

1:39
Paws & Pals: Dogs up for adoption at Almost Home Animal Rescue

Paws & Pals: Dogs up for adoption at Almost Home Animal Rescue

4:39
Guide: Ways to help you identify and deal with work burnout

Guide: Ways to help you identify and deal with work burnout

1:49
Officials: Fire dispatcher's wife alerts him about blaze at their Centereach home

Officials: Fire dispatcher's wife alerts him about blaze at their Centereach home

0:32
State police: Trooper conducting traffic stop rear-ended on Meadowbrook State Parkway

State police: Trooper conducting traffic stop rear-ended on Meadowbrook State Parkway