By The Associated Press | PUBLISHED: September 11, 2019 at 12:07 pm | UPDATED: September 11, 2019 at 12:18 pm By Geoff Mulvihill and Dave Collins | Associated Press HARTFORD, Conn. — Attorneys for some 2,000 local governments say they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation’s opioid crisis. Attorney Paul Farrell said in a text message Wednesday that they have agreed to a deal that has been on the table for several weeks. Sources with direct knowledge of the talks say that Stamford, Connecticut-based Purdue will pay up to $12 billion over time and that the Sackler family, which owns the company, will give up control. The sources spoke on condition of anonymity because they were not authorized to speak publicly.The offer is the same as one publicly reported several weeks ago. It was not clear whether the announcement signaled the end of the fraught negotiations to reach a nationwide settlement with Purdue or moved the talks into a new phase. One of the sources speaking on condition of anonymity said more than 20 states also had agreed to the tentative settlement. But many state attorneys general say they… Read full this story
- Settlement talks accelerating in Purdue Pharma opioid lawsuits, plaintiffs say
- Former Purdue Pharma head Richard Sackler defends OxyContin marketing in newly-surfaced video
- EpiPen Maker to Finally Pay $465 Million for Ripping Off Taxpayers
- Black Saturday class action: Judge approves $494m Kilmore East bushfire settlement
- Colorado woman is paid a $50,000 settlement after she was charged with indecent exposure for playing Frisbee topless in her fiancé’s yard
- US rebukes Israel and allows UN condemnation of settlements
- Celebrity chef ‘Salt Bae’ gives four ex- waiters from his Manhattan steakhouse a $230,000 settlement a day before court hearing after they claim he fired them for asking how their tips were divided
- Ant McPartlin's estranged wife 'rejects multi-million pound divorce settlement in favour of taking him to court so they can settle their differences in public'
- Woody Allen and Amazon End Legal Conflict With $68 Million Settlement
- ‘She’s an attention-seeking excuse-maker!' Heather Mills is branded a 'cheat' by furious The Jump viewers after she REFUSED to compete in a mogul challenge
Maker of OxyContin agrees to tentative settlement have 363 words, post on www.mercurynews.com at September 11, 2019. This is cached page on Business Breaking News. If you want remove this page, please contact us.