OxyContin maker seeks approval for latest settlement plan

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OxyContin maker seeks approval for latest settlement plan
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OxyContin maker Purdue Pharma is asking a judge to approve its latest plan to settle thousands of lawsuits over the toll of opioids

largely because of the opposition of the attorneys general for eight states and the District of Columbia.

Also like the original deal, the new one calls for the Sacklers to contribute cash to fight the epidemic in exchange for protection from civil lawsuits. The key difference is that the Sackler contribution would now be $5.5 billion to $6 billion, an increase of at least $1.2 billion from the previous plan. The exact amount would depend on how much they bring in by selling their international drug companies.

Also under the new plan, a longer list of company documents would now be made public. Family members also agreed not to resist if educational and cultural institutions to which they've donated want to remove their name. People discovered they could manipulate the drug to get large doses of opioids at once — something the company eventually took steps to make more difficult.

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