Texas Surpasses $3 Billion in Opioid Settlements Following Newest Agreement
· Texas Border Business
Texas Attorney General Ken Paxton announced that a $7.4 billion settlement with Purdue Pharma and the Sackler family is now legally effective. Texas will receive $286.5 million from this settlement, which aims to hold the company accountable for its role in the opioid crisis. This brings the total opioid settlement funds secured by Paxton to over $3 billion. The agreement also prohibits the Sacklers from selling opioids in the U.S. and allocates funds for addiction treatment and recovery over the next 15 years. Purdue's operations will now be managed by Knoa Pharma LLC, with strict oversight to prevent misuse.
AI summary · Source: Texas Border Business →
