Summary
Purdue Pharma and the Sackler family have agreed to a $7.4 billion settlement over their role in the opioid crisis.
The deal, $1 billion larger than a previous 2024 proposal rejected by the Supreme Court, includes $6.5 billion from the Sacklers and $900 million from Purdue.
Funds will support opioid addiction treatment and prevention efforts.
The settlement, among the largest in U.S. history, still requires court approval.
Critics note the Sacklers’ $11 billion withdrawals before Purdue’s bankruptcy, and victims emphasize the ongoing human cost of the crisis.
Purdue was privately held. This was the family itself being greedy pieces of shit.
And corporations are not required to only focus on profit growth. Their duty to the shareholders is to see a return on their investment. That is very open to interpretation. Companies can definitely take a longer term growth strategy or even a slower one and pump out dividends.