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Texas reaches opioid crisis settlement with Purdue, Sackler family

EL PASO, Texas (KVIA) -- A coalition of states, including Texas, and other parties reached $7.4 billion settlement with Purdue Pharma, Inc. and the Sackler family.

Texas Attorney General Ken Paxton announced the settlement today.

"Purdue, under the Sacklers’ leadership, invented, manufactured, and aggressively marketed opioid products for decades, fueling waves of addiction and overdose deaths across the country," a spokesperson for the AG's office stated Thursday. "The settlement ends the Sacklers’ control of Purdue and their ability to sell opioids in the United States. Further, it will deliver funding directly to communities across the country over the next 15 years to support opioid addiction treatment, prevention, and recovery programs."

Paxton's team calls the settlement the nation's largest to date connected to the opioid crisis. It comes after the Supreme Court overturned the settlement reached between the states and the Sacklers and Purdue last year.

“For years, I have aggressively worked to hold Purdue Pharma and other corporations accountable for their roles in creating and exacerbating the deadly opioid crisis that harmed so many Americans,” said Attorney General Paxton. “While nothing can restore the damage done, this settlement will provide Texans valuable resources to help prevent more opioid abuse. It was an honor to help lead these negotiations and I will never stop ensuring that justice is secured for those affected.”

The other states involved in the settlement are California, Colorado, Connecticut, Delaware, Florida, Illinois, Massachusetts, New York, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, and West Virginia.

Article Topic Follows: Health

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