28-08-2019 13:12 via 10tv.com

OxyContin maker negotiating settlement worth a reported $12 billion

COLUMBUS, Ohio (AP) — Purdue Pharma and the thousands of state and local governments suing the maker of OxyContin over the nation's deadly opioid crisis are negotiating a $10 billion to $12 billion settlement under which the Sackler family would give up ownership of the company, according to published reports.Under the proposal, the Sacklers would contribute $3 billion of their own money toward the total, and the company would file for Chapter 11 bankruptcy and transform itself into a "pub
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