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.
Watch CBS News
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.
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
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.
Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.
The Sackler family will pay the vast majority of the settlement — a total of $6.5 billion over 15 years.
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.
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.
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.
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.
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.
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.
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.
Purdue sought bankruptcy protection in 2019 as it faced thousands of lawsuits over its drug OxyContin.
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.
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.
Richard Sackler questioned in court over whether his family bears any responsibility for drug epidemic.
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."
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.
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.
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.
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.
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.
Analysis commissioned by bankruptcy court could fuel calls for Sackler family members to return their drug windfall.
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
Some states plan to object to a settlement in bankruptcy court and may pursue lawsuits against the Sackler family
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
Gilgo Beach serial killer Rex Heuermann pleaded guilty to seven counts and admitted guilt in the death of an eighth woman.
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
The Office of Personnel Management is asking insurers that cover federal employees and retirees to hand over details about their medical visits, their pharmacy claims, and more.
In September, Jasveen Sangha pleaded guilty to several federal drug-related charges.
Lynette Hooker's daughter, Karli Aylesworth, described her mother as an experienced swimmer who has been sailing for over 10 years.
Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.
A CBS News investigation found one Los Angeles County hospice physician's name, Dr. Rajiv Bhuva, on Medicare claims for nearly 2,800 patients across 126 hospices in a single year.
Prosecutors are seeking Tiger Woods' prescription drug records from a Florida pharmacy.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
With astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
The head of the Environmental Protection Agency on Wednesday defended his decision to repeal the legal determination that serves as the basis for federal rules to slow climate change.
Vice President JD Vance visited Hungary to show support for Prime Minister Viktor Orbán, a self-proclaimed proponent of "illiberal democracy."
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said the U.S. military has consumed nearly 1 million gallons of coffee and an unspecified amount of nicotine.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
"All of this was thanks to the work of the dog," said the commander of the Canine Operations Battalion. "It wasn't based on intelligence."
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Vice President JD Vance visited Hungary to show support for Prime Minister Viktor Orbán, a self-proclaimed proponent of "illiberal democracy."
Wednesday's briefing came after President Trump announced late Tuesday that he had agreed to "suspend the bombing and attack of Iran for a period of two weeks."
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Billy Idol speaks with Anthony Mason about his music career, his life, his stage persona and more.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Marcus Mumford, Ben Lovett and Ted Dwane, members of Mumford & Sons, talk to Anthony Mason about their new album, "Prizefighter," moving forward without Winston Marshall in the band and their upcoming tour.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Trump administration changes to the U.S. H-1B visa program have impacted the global talent coming to the U.S. CBS News' Shanelle Kaul reports from India.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Serial killer Rex Heuermann admitted to killing eight women on Long Island over the span of 17 years, ending in 2010. He will now spend the rest of his life in prison. Tom Hanson reports.
In Southern California, a 29-year-old man is accused of starting a massive fire at a warehouse where he worked. Jonathan Vigliotti reports.
Rex Heuermann on Wednesday changed his plea to guilty for killing seven women on New York's Long Island between 1993 and 2011. The string of murders came to be known as the Gilgo Beach serial killings. CBS News' Bradley Blackburn and Caroline Polisi have more.
The jury is now deliberating in the trial of a Maui doctor accused of trying to kill his wife. CBS News correspondent Carter Evans has the details.
"All of this was thanks to the work of the dog," said the commander of the Canine Operations Battalion. "It wasn't based on intelligence."
With astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Tony Dokoupil has the story of some Akron, Ohio, boys who looked to a pastor for comfort and security.
The search for a missing American woman in the waters off the Bahamas is now a recovery mission, authorities said. Her daughter suspects foul play, but the woman's husband said it was an accident. Cristian Benavides reports.
The crew of Artemis II is once again in the pull of Earth's gravity on Wednesday as their capsule speeds at 2,000 miles an hour toward a splashdown off Southern California. Mark Strassmann has the latest from mission control in Houston and Rob Marciano tracks the weather ahead of their return.