Purdue Pharma Settles, Sacklers Pay, Opioid Crisis Continues

0:00On April 29th, a federal judge just greenlit the final piece of a massive settlement for Perdue Pharma, the makers of Oxycontin, paving the way for. The company to dissolve by the end of this week, the judge approved a criminal sentence that wraps up a long Justice Department probe, letting a new outfit called NOAA Pharma take over with a focus, on public good and fighting the opioid crisis. Perdue admitted it failed to stop its painkillers from hitting the black market, paid doctors to push prescriptions, and even work with medical. Records firms debused opioid use, but no executives or owners face jail time. Victims and families poured out their pain in court, sharing stories of lost loved ones, and lifelong struggles from over 900,000. Over those deaths since 1999, with the judge calling it a purposeful crime, but still signing off. The Sakwa family, who own Perdue, will fork over up to $7 billion over 15 years, mostly to governments tackling the epidemic as,

1:00part of over $50 billion in industry-wide payouts, while internal docs go public, and their names come off museums. This chapter closes years of fights, shifting cash to heal the damage done. I'm Corey with the story. That's your Global News Update, AI-powered and always on.