Sackler family receives immunity in $6 billion opioid settlement
- The Sackler family, owners of Purdue Pharma, will receive immunity from all current and future civil claims related to the company's role in the opioid crisis.
- Purdue Pharma will be dissolved and restructured into a new entity known as Knoa Pharma,overseen by a public board and manufacturing medications for addiction treatment and OxyContin.
- About $750 million from the settlement will go to families and individuals affected by the opioid crisis, with payments ranging from $3,500 to $48,000.
- The ruling by a New York appeals court clears the way for Purdue Pharma's bankruptcy deal and protects the Sacklers from lawsuits over the toll of opioids.
- Purdue Pharma misleadingly marketed Oxycontin as nonaddictive, contributing to an opioid crisis that has killed over a million Americans.