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Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

ABC News
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Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of opioids.

The filing is a milestone in a tumultuous legal saga that has gone on for more than five years .

Under the deal the family members would give up ownership of the company in addition to contributing money over 15 years with the biggest payment up front.