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States agree to $7.4 billion settlement with Purdue Pharma in opioid litigation (abcnews.go.com)

submitted 15 hours ago by [email protected] to c/[email protected]

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All 50 states as well as Washington, D.C., and four U.S. territories have agreed to sign a $7.4 billion settlement with the company and once-prominent family behind OxyContin, officials announced Monday.

The settlement resolves pending litigation against Purdue Pharma, which, under the leadership of the Sackler families, invented, manufactured and aggressively marketed opioid products for decades, according to the lawsuits. States and cities across the country said it fueled waves of addiction and overdose deaths.

The attorneys general in 55 states and territories have signed on to the historic settlement, which they said will end the Sacklers' ownership of Purdue and bar them from making, selling or marketing opioids in the U.S.

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[–] [email protected] 10 points 11 hours ago

It should be triple that amount and the CEO should be in jail.

[–] [email protected] 49 points 15 hours ago (3 children)

https://www.forbes.com/sites/rachelsandler/2019/10/04/the-sacklers-made-12-to-13-billion-in-profit-from-oxycontin-maker-purdue-pharma-new-report-says/

So they end up with a tidy 5-6 billion in profit? Cost of doing business, right?

Fuck these people, fuck this system.

[–] [email protected] 4 points 9 hours ago

The Sacklers made the profit, the company pays the fine

[–] [email protected] 6 points 11 hours ago* (last edited 11 hours ago)

They should be in prison.

But there's a lot of that going around...

[–] [email protected] 17 points 14 hours ago (1 children)

Even worse the money will likely never be used for what it is intended for by the states.

[–] [email protected] 5 points 13 hours ago* (last edited 10 hours ago)

Even worse; they filled the top of the funnel and the cost of 15 years of loose, legal opioid addicts is still funneling through and down to heroin, meth, homelessness...all costs beyond the immediate ones that this settlement can't even begin to touch the cost of, to say nothing of the lives lost directly to addiction and drug abuse.