More states back $7.4 billion Purdue Pharma opioid settlement

More states, territories and Washington, D.C., have signed on to a settlement with drugmaker Purdue Pharma and the Sackler family over the opioid crisis, officials said.

• Jun 17

Inside the Purdue Pharma bankruptcy case

Here's why people alleging Purdue Pharma's opioids harmed them may not see much of the proposed $7.4 billion settlement in a bankruptcy case

• Mar 9
• 13:19

Claimant: Opioid victims not getting justice in proposed Purdue settlement

Here's why people alleging Purdue Pharma's opioids harmed them may not see much of the proposed $7.4 billion settlement in a bankruptcy case.

• Mar 9

Potential $7.4B Purdue Pharma opioid settlement frustrates some victims

Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.

• Mar 9

Sacklers, Purdue Pharma reach $7.4B settlement with 15 states over opioid crisis

The Sackler family will pay the vast majority of the settlement — a total of $6.5 billion over 15 years.

• Jan 23

Supreme Court rulings for FDA, Purdue Pharma

In two rulings released Thursday, the Supreme Court has blocked both the EPA good neighbor rule meant to fight air pollution and Purdue Pharma's bankruptcy plan that would've broadly protected the Sackler family from civil lawsuits related to their role in the opioid epidemic. Former federal prosecutor Scott Fredericksen joined CBS News to discuss the decisions.

• Jun 27, 2024
• 03:45

Supreme Court weighs legal shield for Sacklers

The Supreme Court heard arguments Monday in a case over a settlement for victims of the opioid crisis. Approving the settlement would mean shielding the Sackler family, the former owners of Purdue Pharma, from future lawsuits. Jan Crawford reports.

• Dec 4, 2023
• 02:20

Purdue Pharma bankruptcy shielding Sackler family heads to Supreme Court

Purdue Pharma, the maker of OxyContin, filed for Chapter 11 bankruptcy protection in September 2019 after it faced scores of lawsuits related to the opioid crisis.

• Dec 4, 2023

Supreme Court weighs Purdue Pharma bankruptcy

The U.S. Supreme Court will hear oral arguments Monday about the legality of a $6 billion bankruptcy agreement for Purdue Pharma, the manufacturer of OxyContin. While many families of victims support the deal, which would fulfill financial settlements, it would shield the powerful Sackler family from thousands of potential lawsuits. CBS News' Jan Crawford reports.

• Dec 4, 2023
• 02:44

Opioid settlement challenge in Supreme Court

A multibillion-dollar bankruptcy settlement with the maker of Oxycontin will be challenged Monday at the Supreme Court. Justices are weighing whether the wealthy Sackler family, which owned Purdue Pharma, can evade lawsuits over the company's powerful painkillers linked to hundreds of thousands of deaths. CBS News chief legal correspondent Jan Crawford reports.

• Dec 4, 2023
• 04:42

Purdue Pharma settlement put on hold

The Supreme Court put a settlement by Purdue Pharma on hold Friday. The settlement would have shielded the Sackler family, the clan behind the company and its alleged role in the opioid crisis, from future civil litigation. Jeff Glor has more.

• Aug 12, 2023
• 03:14

Supreme Court blocks Purdue Pharma settlement

The Supreme Court has temporarily blocked a Purdue Pharma settlement that would shield the Sackler family from civil lawsuits related to the opioid crisis. Author Barry Meier, who wrote the book "Pain Killer" about the Sacklers and Purdue Pharma, weighs in on the settlement.

• Aug 10, 2023
• 04:02

Judge rejects Purdue Pharma's sweeping opioid settlement

Purdue sought bankruptcy protection in 2019 as it faced thousands of lawsuits over its drug OxyContin.

• Dec 16, 2021

Judge OK's controversial Purdue Pharma opioid settlement

Under the settlement, the Sackler family will give up ownership of the company and contribute $4.5 billion, but will be freed from any future lawsuits over opioids.

• Sep 1, 2021

Decision expected in pharma bankruptcy settlement

A New York judge is expected to decide today whether to approve a bankruptcy settlement from oxycontin maker Purdue Pharma. The drug company and members of the family that own it, the Sacklers, have been blamed by some for helping fuel the country's opioid crisis. It's been linked to about 500,000 deaths nationwide. Anna Werner reports.

• Sep 1, 2021
• 05:40

Former head of OxyContin maker denies blame for opioid crisis

Richard Sackler questioned in court over whether his family bears any responsibility for drug epidemic.

• Aug 18, 2021

Sackler family members and the opioid crisis

The Sackler family, one of the wealthiest in America, has long been known as a patron of the arts, but only recently did their connections to Purdue Pharma become widely known. The company, which some blame for helping spark the opioid crisis, is privately owned by some members of the family. "48 Hours" correspondent Erin Moriarty reports on the Sacklers, whose name has become a controversial flashpoint in the opioid epidemic, and talks with New Yorker staff writer Patrick Radden Keefe, author of "Empire of Pain: The Secret History of the Sackler Dynasty."

• Apr 11, 2021
• 13:09

Some members of Sackler family under fire over ties to opioids

Purdue Pharma, which some blame for helping spark the opioid crisis, is privately owned by some members of the Sackler family, whose name has become a controversial flashpoint in the opioid epidemic.

• Apr 11, 2021

Purdue Pharma proposes $10 billion plan to come out of bankruptcy

OxyContin maker would put profits into fight against opioid crisis, but many state attorneys general say plan doesn't do enough for victims and their families.

• Mar 16, 2021

Purdue Pharma offers opioid settlement

CBS News has learned Purdue Pharma, the maker of OxyContin, has offered $5-6 billion to settle thousands of claims. It is unclear how much Purdue's owners, the Sackler family, would have to pay.

• Aug 27, 2019
• 00:31

Sackler family could pay billions to settle lawsuits

The billionaire Sackler family may be willing to pay up, to settle thousands of lawsuits stemming from the opioid crisis. The proposed settlement comes amid speculation that the family's company, Purdue Pharma, is about to go bankrupt. Mola Lenghi reports.

• Sep 10, 2019
• 01:58

Purdue Pharma files for bankruptcy

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy late Sunday. The move came days after Purdue reached a tentative settlement with many state and local governments over the toll the opioid epidemic has taken on communities nationwide.

• Sep 16, 2019
• 00:27

Sacklers cashed out $10.4 billion from Purdue Pharma in last decade

Analysis commissioned by bankruptcy court could fuel calls for Sackler family members to return their drug windfall.

• Dec 17, 2019

Purdue Pharma to stay in business as it pursues bankruptcy protection

Lawyers for the pharmaceutical company secured permission to maintain business as usual — paying employees and vendors, supplying pills to distributors and keeping current on taxes and insurance

• Sep 17, 2019

Even with bankruptcy, Purdue Pharma may not be off the hook

Some states plan to object to a settlement in bankruptcy court and may pursue lawsuits against the Sackler family

• Sep 16, 2019

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