Fifteen States Drop Opposition to Controversial Purdue Pharma Oxycontin Bankruptcy

https://www.npr.org/2021/07/08/ [login to see] /fifteen-states-drop-opposition-to-controversial-purdue-pharma-oxycontin-bankrupt
Fifteen states that led the effort to block a controversial bankruptcy plan for Oxycontin-maker Purdue Pharma have abandoned the fight.

That's according to court documents filed by a mediator late Wednesday night as part of a federal bankruptcy proceeding in White Plains NY.

Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the deal.

"The negotiations were difficult and hard-fought, with the outcome uncertain," said federal bankruptcy Judge Shelley C. Chapman in the legal filing.

Shelley was appointed in May to try to hash out a modified deal the so-called "non-consenting states" could accept.

The settlement plan, which is now all but certain to be finalized next month, would shelter members of the Sackler family who own Purdue Pharma and many of their associates from future opioid lawsuits.