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Purdue Gets Approval For New $5.5B Ch. 11 Sackler Deal

By Vince Sullivan (March 9, 2022, 7:28 PM EST) -- An enhanced settlement with the members of the Sackler family who own bankrupt drugmaker Purdue Pharma LP received court approval Wednesday in New York and will see the Sacklers contribute at least $5.5 billion to opioid abatement trusts if the debtor's plan can be confirmed....

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