OxyContin Maker Purdue Pharma to Dissolve, Redirect to Public Good After Settlement

Purdue Pharma is set to dissolve and be replaced by a public-interest company as a sweeping settlement resolves thousands of opioid-related lawsuits. The Sackler family could contribute up to $7 billion over 15 years, while the federal government will collect $225 million of an $8.3 billion forfeiture; total settlements exceed $50 billion with most funds going to government efforts to fight opioids. Individual victim payments are expected to be about $8,000–$16,000, and protests were held outside Newark’s federal courthouse as families seek justice.