All US state attorneys general agree to $7.4 billion Purdue Pharma settlement
ReutersJun 16, 2025 2:34 PM
June 16 (Reuters) - The attorneys general of all 50 U.S. states, Washington, D.C. and four U.S. territories have agreed to a $7.4 billion settlement with bankrupt drugmaker Purdue Pharma, New Jersey Attorney General Matthew Platkin said on Monday.
Purdue's payment is intended to resolve thousands of lawsuits alleging that its pain medication OxyContin caused a nationwide opioid addiction crisis.
Platkin said members of the Sackler family, who own Purdue, have confirmed their plan to proceed with the settlement.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.TradingKey
11 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
Mon, Feb 9
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
