/Purdue Pharma Reaches $270 Million Settlement With Oklahoma in Opioid Crisis Case

Purdue Pharma Reaches $270 Million Settlement With Oklahoma in Opioid Crisis Case

Purdue Pharma LP and its owners, the Sackler family, have agreed to pay $270 million to resolve claims by the Oklahoma attorney general that the company helped fuel the opioid crisis, according to a person familiar with the matter.

The settlement is the first to emerge from the more than 1,600 opioid lawsuits Purdue faces from states, cities and counties. The municipalities claim aggressive marketing of prescription painkillers by Purdue and other pharmaceutical companies helped trigger widespread drug addiction that has saddled…