What Happened in the Purdue Pharma Case?
The bankruptcy filing of Purdue Pharma allowed for a large settlement to be reached. In the end, Judge Sean Lane approved the following in the plan:
- $7 Billion to be paid by the Sackler family over the next 15 years.
- The Sackler family must give up all ownership of Purdue.
- Members of the Sackler family would need to give up any association or involvement in foreign companies that sell opioids.
- The Sacklers will no longer be able to use charitable contributions to have their name added to institutions (such as universities, hospitals, or museums).
- All company documents must be made public.
Did the Purdue Pharma Opioid Case Change Anything?
Time will tell if the Purdue Opioid Settlement will make any real or long-lasting changes in the opioid industry. However, finding ownership of the pharmaceutical company liable for the deaths and damage the opioid epidemic created could set a precedent for future personal injury and drug injury cases.
What Made the Purdue Pharma Case Unique?
According to PBS, “Unlike the other major opioid settlements, individuals harmed by Purdue’s products would be in line for some money as part of the settlement.” A portion of the settlement will be set aside for victims of the opioid epidemic and survivors of victims who passed away due to opioid addition. Approximately $850 million will be distributed to victims and families within the next year.