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Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition

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  • Post last modified:January 23, 2025

Seven months after the Supreme Court struck down a deal that would have resolved thousands of opioid cases against Purdue Pharma, the company’s owners, members of the Sackler family, have increased their cash offer to settle the litigation — but with a novel catch. Under the framework for a new deal, the Sacklers would not receive immunity from future opioid lawsuits, a condition that they had long insisted upon but that the court ruled was impermissible. Instead, they would pay up to $6.5 billion — $500 million more than the previous agreement — but with a new condition: Claimants, including states, municipalities and individuals, would have to set aside as much as $800 million in an account akin to a legal-defense fund for the billionaires to fight such cases, according to people familiar with the negotiations. Some details of the framework — but not the legal-defense fund — were announced on Thursday by the New York attorney general, Letitia James. She said the overall settlement totaled $7.4 billion, which would include $897 million from Purdue.

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