Connecticut And New York Say No To Purdue Pharma Settlement
New York State Attorney General Letitia James says she remains opposed to a tentative settlement between drug maker Purdue Pharma and municipalities that sued the company over its role in the opioid crisis.
James says Purdue Pharma and its owners, the Sackler family, will try to “evade responsibility and lowball the millions of victims of the opioid crisis.”
Twenty-two state attorneys general and more than 2,000 municipalities have agreed to settle a federal lawsuit with the Stamford, Connecticut-based company and other drug makers.
The long-awaited plan would force the Sacklers to relinquish control of their company. Purdue would declare bankruptcy and be resurrected as a trust whose main purpose would be to combat the opioid epidemic.
But some attorneys general, who sued Purdue and the Sacklers in state courts, including Connecticut Attorney General William Tong, are still opposed to that deal.